TG has two short-term paths now, either path 1 or path 2.
To enter path 1, TG must close above RM 5.70 quickly then yes likely will go back into the green channel. But this channel isn't any good news for everyone yet as it is still a downward channel and likely huge selling wall will be around RM6. Meaning further downside pressure in weeks ahead is still very likely.
If TG fails to close back above RM5.70 quickly in next few days, likely it will choose path 2 which is to go down further to RM 4.50 region.
Therefore, set stop loss to protect yourself. Take care and be safe always!
To enter path 1, TG must close above RM 5.70 quickly then yes likely will go back into the green channel. But this channel isn't any good news for everyone yet as it is still a downward channel and likely huge selling wall will be around RM6. Meaning further downside pressure in weeks ahead is still very likely.
If TG fails to close back above RM5.70 quickly in next few days, likely it will choose path 2 which is to go down further to RM 4.50 region.
Therefore, set stop loss to protect yourself. Take care and be safe always!