MYEG will be Sideways for a while

Looking at the chart for MY E.G. Services Berhad, here's my analysis:

Current Price Action:
- Trading at RM0.965, up 0.52%
- Currently in a complex corrective pattern
- Price consolidating above moving averages

Elliott Wave Analysis:
- Completed waves (i) through (iv)
- Currently in wave (v) with ABC correction
- Key levels:
* Wave (a) support at RM0.930
* Wave (b) resistance at RM0.975
* Wave (c) target potential at RM0.940

Technical Levels:
1. Support:
- Strong support at RM0.930 (0.382 Fibonacci)
- Secondary support at RM0.870 (0.618 Fibonacci)
- Moving average support around RM0.950

2. Resistance:
- Immediate resistance at RM0.975
- Major resistance at RM1.00 (psychological level)
- Previous wave high at RM0.990

Pattern Analysis:
- Forming a complex correction pattern
- Higher lows indicating underlying strength
- Volume profile showing accumulation

Trading Considerations:
- Watch for break above RM0.975 for bullish confirmation
- Stop loss could be placed below RM0.930
- Risk/reward favorable for long positions
- Volume increasing on recent moves