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Strategy: Candlestick Bullish Chart Pattern Formation
E&O, Breakout with volume today, will this momentum can keep going? We don't know, let the market decides. However, E&O breakout from short term downtrend line and forming double bottom (W-shaped) chart pattern. If the formation has to be done, neckline at RM0.635 should be the next direction E&O go with immediate support at RM0.595.
Support: 0.595, 0.570
Resistance: 0.635, 0.670
Strategy: Candlestick Bullish Chart Pattern Formation
E&O, Breakout with volume today, will this momentum can keep going? We don't know, let the market decides. However, E&O breakout from short term downtrend line and forming double bottom (W-shaped) chart pattern. If the formation has to be done, neckline at RM0.635 should be the next direction E&O go with immediate support at RM0.595.
Support: 0.595, 0.570
Resistance: 0.635, 0.670