As today (2nd June 2020), it open above RM 2.04 and staying above the Moving Average (with the condition of MA 21 > MA 65) lines. The trigger is showing squeeze on, therefore, the taking position shall progress slowly accordingly to the candle movements and squeeze movements. IF RM 2.13 break safely, then shall aim for the next level which is RM 2.255 but...
Passing FH @ RM 1.355 and Transition @ RM 1.80 so should we chase for it although Big Player(s) remained strong. Let's wait for the next trigger action signal...
After so long hit around RM 2.40 level and bounce back, suddenly came with such powerful long green candle. Are they chasing for dividend? Taken from a news "Most valuable gaming company in the region is under pressure as business is down at a time when it has a US$4.3bil (RM18.5bil) project in Las Vegas to complete."
Fibonacci telling that the next resistance...
