BERMAZ AUTO BERHAD
Viés de alta

BAUTO - limited upside inside triangle pattern?

145
After -13% pullback over 14 days, we observed a reversal with limited upside within symmetrical triangle. We also observed a strong resistance @ 1.47, which could be one of the barriers to hit our TP. Volume is reduced during the pullback, and we can see it continues to build during the reversal.

MACD+RSI+STO showing a positive movement and we believe it will continue next day.

EP 1.43
TP 1.55 (+8%)
SL 1.31 (-8%)

Speed: Fast with 512M shares float (44% of 1164M shares)
Sentimen: Bullish automotive sector for 2021

TAYOR

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.