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PUNCAK IN ELLIOTT'S ABC AND BAT PATTERN

Long
MYX:PUNCAK   PUNCAK NIAGA HOLDINGS BHD
Consider to study, analyze and monitor PUNCAK where its daily chart appears to have retested point C of EW's ABC formation, and from WaveS 1 to 5, the retracement at ABC's Point C is fibo618. This retracement level is also in the 52-week low zone. The chart also has formed what appears to be a bat harmonic pattern where the price has crossed the current pivot point. To enter trade, the potential EP shall be the current pivot point and the proposed CL is below 52-week low. The probable TP would be at Point D of the bat formation or it could go up higher up to point B of EW's ABC formation.

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