kgiap123

PENTA is waking up ?

kgiap123 Updated   
MYX:PENTA   PENTAMASTER CORPORATION BHD
Most counters are RED while Penta is moving opposite direction and againts global market direction.
Volume not so impressive but higher. Someone is cooking..

Fast Turtle Buy, ATOM Buy signal is out.
Slow Turtle Buy signal will pops up If price able to break and stay above 4.18

Monitor or risk buy.

Comment:
lol.. Breakout.
SL 3.9
Comment:
Weekly Review :
Penta breakout from 1 month consolidation.
Fast Turtle Buy appear on above average volume around 4.15.
Slow Turtle Buy appear right after i publish this analysis breaking 4.18 and closing 4.33 on (7.7% gain ) on the same day...
Friday open with gap up hitting channel resistance around 4.50 (10% gain within 2 days).
Penta ending friday trade with bearish candle but gap remain open.
Profit taking might happen next week open and might close the gap.
Comment:
Take some profit +12%
Watch out for 4.7 and next Rst 4.8

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.