K_S_AbdHamid

Scope is ready to Breakout from pullback

MYX:SCOPE   SCOPE INDUSTRIES BHD
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Scope had finished it's double bottom formation on 6th July 2021 after it had created 2nd bottom 29 June.
Currently it is in pullback situation when it reached back to its neckline.
I am anticipate that the pullback has finished today or will in next 2 days period. This has to be verifiy with when buying pressure to kicks into.
Currently:
1) Today had shown a bit of buying volume coming in.
2). Closed above MA20 line.
3) RSI also is pointing upward which inversed price moving trend previously.

There might be reversal starting today or in 2 days period.

Disclaimer: This is not a Buy / Sell call. This analysis is for learning purpose only.

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