The profit target for the pattern is the price difference between the head and the low point of either shoulder.
I would say it's RM1.05 differential.
Having said that, imo the demand area for a bounce or reversal would be around RM7.00.
Covid-19 daily cases in Malaysia have been breaking ATH after ATH.
The nation's healthcare system is at a breaking point.
Govt warns it will impose full-scale lockdown if infections don't decrease.
Still, Maybank is Malaysia's largest bank and the largest company.
I will be definitely looking to add by stages if it really hit my target price.
I would say it's RM1.05 differential.
Having said that, imo the demand area for a bounce or reversal would be around RM7.00.
Covid-19 daily cases in Malaysia have been breaking ATH after ATH.
The nation's healthcare system is at a breaking point.
Govt warns it will impose full-scale lockdown if infections don't decrease.
Still, Maybank is Malaysia's largest bank and the largest company.
I will be definitely looking to add by stages if it really hit my target price.