BURSA VCP DEVELOPMENT
Diupdate
Bursa Malaysia is developing volatility contraction pattern at contraction less than 5%.
Entire pattern has developed for 138 days.
C1: ~29%
C2: ~8%
C3: ~4%
7th Dec 2020 huge candle with large volume is a good support. and it is forming a pivot point now.
With the current entry price, the next support will be at 8.18 which risk only at ~5.75%.
Disclaimer:
This post is just a sharing on chart pattern. If you would like to invest, kindly seek advise from certified financial advisor.
Entire pattern has developed for 138 days.
C1: ~29%
C2: ~8%
C3: ~4%
7th Dec 2020 huge candle with large volume is a good support. and it is forming a pivot point now.
With the current entry price, the next support will be at 8.18 which risk only at ~5.75%.
Disclaimer:
This post is just a sharing on chart pattern. If you would like to invest, kindly seek advise from certified financial advisor.
Catatan
Share price now seem like reversal from previous low. Can still monitor... Wait the price stand up firm above MA50. And also the last contraction to be <10%.
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