Ahmad101

RL; LPS re-accumulation phase D.

Long
MYX:RL   RESERVOIR LINK ENERGY BHD
Price currently been trading in re-accumulation phase D at last point of support.

On H1 price action been traded in tight range ascending triangle, 10am candle closed seem to form a spring / shakeout follow by volume breakout .. that indicate demand is coming into the market.

price been trading above all imported moving average with MACD bullish crossed over.

key level;
support - 0.500 / 0.455
resistance - 0.570 / 0.640
52 WH - 0.847 ( 54%. )
ATH - 0.847 ( 54% )


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