Price action is still lower than previous high of 9.85, but since the 8th of November 2017, price formed a higher high pattern, suggesting that price is in upward movement.
Since the end of September 2016 at 7.50, price steadily traded in between the 1/2 n 2/1 gann fan, suggesting that price is bullish.
Price peak at 9.85 before going into correction to a low of 9.15 on the 6th of November 2017, and start its climb toward previous high. To date, prices manage to climb to as high of 9.80, 5sen shy of previous high. As price currently trading within the current 1/2 n 1/1 line, I believe that price will continue its upward bullish move.
By using the Gann Calculator, based on the insertion, MAYBANK TARGET is at 10.56 within mid of February 2018 to June 2018.
This review is for the purpose of Gann Study only, not a suggestion to Trade the underlying stock discussed.
Comments
Post a Comment