5G thematic push the index higher for this sector. Can the topic continue brewing this week? Hence, it almost come to its crucial resistant line. For those enter earlier can observe but not recommend for new entry this week.
If Monday continues to run on 5G government implementation news, hope it breaks and stays above the resistance line.
With key components of the index including TM and TIMECOM trading at multiyear high, will we see the telecommunication index advances further to test Year 2018's high? The announcement of initiatives for companies participating in the Malaysian Govt MyDigital program may be taken as key catalysts for the sector with prime focus on companies in the fiber optics and...
Looking good. Forming a higher low after breaking up the trendline. Could it be the new focus next weeks?
Break out is good but please dont fall back. To confirm break out is need to wait for chart to show higher low above the line.
Found the support near EMA50 line. If the resistance can stand up next week, probably good news will follow.
Stand up and rebound from the support line. Looking good.