Wing Tai: Symmetrical Triangle in Formation
Wing Tai seems like forming a Symmetrical Triangle and trading within a tight range close to 20D, 50D and 200D MA. No clear trend until Wing Tai breaks out from this Symmetrical Triangle chart pattern.
Wing Tai seems like forming a Symmetrical Triangle and trading within a tight range close to 20D, 50D and 200D MA. No clear trend until Wing Tai breaks out from this Symmetrical Triangle chart pattern.
Jaya Holding is forming a symmetrical triangle and looks like breaking out. Need to keep a close eye on the future price movement. Immediate support at $0.673 which is a 78.6% Fibonacci Retracement Level, followed by the uptrend support (which is also 200D MA support). Price target for the breakout is $0.90.
Keppel Corp is forming a Symmetrical Triangle and currently just trading at the Triangle resistance and 20D/50D MA support. The immediate support is at $8.60 (Triangle’s support) which is also 78.6$ Fibonacci Retracement Level, 200D MA support and long term up trend support. No clear direction until the breakout.