adamkhoosk

KGB Short Base VCP Setup

Alış
MYX:KGB   KELINGTON GROUP BERHAD
Previous I feature KGB back in 24 July.
After the price surge about 57%, supply occur and it take one month to re-setup a small base VCP to digest out the supply. (indicate in grey pin in the chart)

During the re-setup, higher low appear with 3 contraction below:

C1: -12%
C2: -6%
C3: -3%

Last contraction C3 appear to have shrink volume.

Demand re-enter on 22 Oct breakout C3 stand back above MA20. Will the game continue? Let's monitor next week.

Disclamer:
Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.