Triangle Formation

How's your stock investment portfolio going on? Did you manage to enter Affin or Affin warrant this morning? After Hong Leong Bank acquisition news was firmer and released on yesterday, Affin price is reverberated from 50% retracement, a pretty 7-11% quick profit. If not because of the mid-term correction, I believe it will be even higher.

Just to share with you. When I analyzed the price charts just now, I surprisingly noticed some of the prices have formed a triangle formation and ready for breakout anytime, including KLSE index. The time frame is about less than 2 weeks time.

That's means, the breakout would be the end of bullish, or continue to bullish after the 2nd mid-term correction. This is interesting. Well, let's see what will happens within the next 2 weeks.

Happy investing.

Related Articles by Categories