A level of important price resistant for price to surpass and also a level of important price support to maintain above. Price trading above the RALLY POINT will mean more upside price action ahead.
A zone where price is deemed WEAK in the short term period. Only progressive rebound can be seen trading in the short term. But failing to SURPASS the RALLY POINT will only put the price into a longer term of downtrend price action.
An Eagle Eye Stocks NOVAMSC (0026), consolidation for weeks looking good to go for a breakout point. Break out point at RM0.195, with a short term target price of RM0.230. Downside risk kept at RM0.165.
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TFM Eagle Eye Newsletter August Issue #296
(Release date 12.08.2018)