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PESRECH in harmonic pattern

Panjang
MYX:PESTECH   PESTECH INTERNATIONAL BERHAD
Consider to study and monitor PESTECH's current daily chart which resembles that of a BAT bearish harmonic pattern where a potential swing trade can be taken if the price rebounds between the BC wave retracement and rebound zone. In this case, the price has shown high probability of rebound at fibo886. The potential EP could be 0.475 which is a 4htf pivot point and the potential TPs are in Point B, that is, 0860 and Point D at 0.990. The probable CL is 0.665 which is lower than a previous swing low. Or early exit could be take if the price drops below Point A. This is not a trade or investment call but for study, sharing and monitoring analysis only. Trade at your own risk,

Penafian

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