Monthly resistance at 2.42. Chart showing price is respecting trendline in daily & hourly chart. Possible entry on hourly trendline at 2.4, TP at 2.9, cut on violation of trendline (or at a maximum of 5% loss).
In the event of trendline violation, a possible re-entry point is at the next immediate trendline.
Trade at your own risk.
Support at RM1.69 and RM1.6. opportunity to go long on DTL breakout. Alternatively, buy on support trendline TL1 and/or TL2.
TP at weekly resistance RM2.
CL point below RM1.55 or a maximum of 5% loss.
TAYOR.
1) TLs confluence mark an important change in trend, either a breakout or a breakdown. Go long on BO DTL with volume, EP 0.575. TP at immediate weekly resistance at 0.65. alternatively, TP on trendline breakdown.
2) RSI divergence pose a possible bearish reversal if price breakdown from the mini triangle structure.
TAYOR
TECFAST respecting 1H trendline. Possible low risk entry on trendline. TP1 at 0.565 and TP2 0.59, with projected time of reach on 25 Nov and 27 Nov respectively.
CL upon break of trendline or a maximum loss of 5%.
TAYOR
LSTEEL going for monthly DTL resistance at 63.5.
Opportunity to go long on DTL/triangle breakout in 1H TF, first TP at TL3 and consequence TPs at TL2 and TL1.
A possible price direction is to touch TL4 before rebounding. Go long at the touch of TL4 with CL point at the break of TL4.
Bearish RSI divergence appeared. Might revisit trendline at fibo .236 level before rebounding higher. Possible low risk entry at trendline, buy on weakness.
Price retraced to .618 fibo level and rebounded. Broke 1H dtl and entered reaccumulation region at 0.4-0.43.
Bullish RSI hidden divergence, a possible uptrend continuation. TP around immediate resistance at 0.52.
