Looking at POS weekly chart, price has been steadily move up since February 2016 from 2.11 to a weekly high closed at 5.65 on May 2017. That a rm3.54 up or 167%.
Since then, price moved sideways ranging between 5.08 and 5.60 but still above its 50days moving averages line and above the ichimoku cloud.
Based on technical, for study purposes. Recent price action falling below 50days moving averages line together with negative sign on indicators might suggest that price goin for further correction.
Based on Fibonacci extension. Price broke down the support of 2.618 level at 5.08 (now an immediate resistance level). This recent price action falling below support of 5.08 and entering cloud suggest that price might be heading towards rm 4.12 level being its 1.618 fibo ext level as its next support.
Looking at fibo retrace.
Immediate support is at 4.80, 4.30 & 3.90
(This review is solely for study purposes on technical analysis)
Tq
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