I am looking for this shares which is now bullish in M30 chart. This is a big trap where I see continual strong bearish ahead to complete Wave C in Elliot Wave counting. The highest it can go is MYR1.77 - MYR1.83. However, I would prefer to close my position now and get the profit and waiting the sell position, because it may turn down now or at MYR1.72 as shown in the chart. Thus, the grey area for this share is around MYR1.72 - MYR1.83, which trading within this area may increase the risk.
The bearish will go as deep as MYR0.99 before we going to buy again. Please be prepare and selling is preferable based on the above analysis.
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