sothye

BINTAI - found 61.8% support?

Long
MYX:BINTAI   BINTAI KINDEN CORPORATION BHD
After making a successful 52WH, the stock has pullback for quite a while with at least 2 dead cat bounce. And the price seems steady at 61.8% support (0.625) for few candles now. We also observed lower volume during pullback, indicates only few seller are selling their shares. Only time will tell when the buyer will start to take control. Best is to wait reversal in H1 timeframe and exit early.

R: 0.675
S: 0.575

Speed: Fast with 248M shares float (71% of 350M shares)
Sentimen: Bullish Pharma sector 2021 - vaccine

TAYOR

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