CABNET
Rst: 0.375/ 0.41
Spp: 0.355
This stock is following the excitement among other low liquid stocks but don’t expect it will see substantial move in the view strong resistance level is near at 0.41 (upside room is little), and candlestick built is heavily messy.
Heavy collection done at price range RM0.25 for almost a year.
Break our RM0.30 recently and able to hold firm above RM0.35
Break out RM0.30 with increased volume suggesting that big boy really committed to this counter.
RM0.35 hold firm for 4 days even though weak market sentiment.
Price tried to break through RM0.40 but failed on 23/06/2021, however price still...
CABNET has just completed the big saucer pattern. Now the support area is within the box and shall it manage to break above the upper box location, I predict on Fibonacci projection the price may continue to reach around 50 & 60 cents. Trade at your own risk!
1) Simple SnR : Long term uptrend
2) Last price above EMA 50 & 200
3) Stochastic RSI : below 30 (cross up)
waiting Break Out short term sideways. depends on volume .
