K-ONE TECHNOLOGY BHD
Long
Updated

K1 - Stock to watch (potential uptrend)

741
This stock has break the Ascending triangle and i have miss opportunity to buy at the pullback price(0.165). Technically it has break ma200 where it is now showing an uptrend movement.
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Impressive price movement today which i never expected it could break the strong resistance today. With a strong buying volume today, i believe it could go further.
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Profit taking in the early morning has pull down the price. My opinion, this is a healthy pullback after recent high.
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On this morning session shows there are some small buying interest to push the price up. On the technical side, if the closing price today is 0.26 it will form a piercing candle pattern where it's a sign of reversal candle. please follow your trading plan.
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Due to the rebound of Nvidia shares yesterday, this morning the technology index also experienced an increase. In addition, it is possible that today is also a T3 for this stock.
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Protect your capital for tomorrow catalyst. Trader and investor are in cautious mode.

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