04/12/2020 - Technical Update on AGESON BERHAD (7145)
Previously, I had shared on the fundamental perspective and a little touch up on the technical analysis of AGES. Today, I would like to share with you another summary on the technical movement on AGES recently.
This morning, I woke up early to draft a simple chart for my fellow followers on i3investor. And I hope this helps!
Key points to note from the chart:
- You can almost never lose money buying at close to RM 0.120 level.
- So, smart technical players will queue buy at RM 0.125 level, reinforcing the support level.
- Currently the triangle had shown a strong breakout not by shadow, but body itself, this indicates a bullish signal for short and mid term share price.
- Recently, there are huge volume coming into the company, there must be something brewing about AGES.
- Remember, technical always run ahead of news as people who are aware of the news will buy the shares first.
- From Smart MCDX chart, we note that recently the huge volume is coming back again (refer to the 3/4 part, and look at the rally).
- To conclude, there must be something brewing within AGES and volume is kicking in.
- Someone in the forum is trying to scare investor away from buying it.
- AGES had a very good chance to hit RM 0.150 in short term, and RM 0.185 in mid term!
https://klse.i3investor.com/blogs/fundingforever/2020-12-05-story-h1537419167-04_12_2020_Technical_Update_on_AGESON_BERHAD_7145.jsp
