3786
Background
Malaysian Airline System Berhad provides air transportation and related services in Malaysia and internationally. The company also engages in the promotion, development, operation, and marketing of computerized reservations systems and related services; provision of laundry and cleaning related services; provision of catering and cabin handling services; and provision of tour and travel agency related services. In addition, it involves in air cargo operations, charter freight, and various warehousing activities relating to air cargo operations; the retail of inflight goods and boutique operations; and the purchase, sale, lease, obtaining lease finance, and refinancing of commercial aircraft, as well as offers trucking, clearance, and warehousing services. The company is based in Subang, Malaysia. Malaysian Airline System Berhad is a subsidiary of Penerbangan Malaysia Berhad.
Candlestick
At the moment, price is closed at uptrend and downtrend gann angle (resistance). So, if tomorrow uptrend persists, price likely to go to 90cent (where the gap resistance is).
Once success breaking it, 0.95 is going to be a final resistance before become more bullish (above 1x1).
At point 3 & 4, these going to be destination.
P&F
Point 1 : if it is going to be congestion, then BO is at 1.02. This means, the gap will be closed.
Point 2: After reaching lowest, the first breakout at point 2. at this point, BO is 0.98.
Point 3: A double top formed, followed by breakout with current X. So, the pre-BO going to be 0.96.
So, at any point, there are possibility price to break into gap area.
Other Info
Latest IB's TP is by RHB at RM1. While AMMB and KENANGA, set HOLD at 0.75 and 0.77 respectively.
P/s: i will not be responsible for any damage or loss. This is only an analysis. It might not happen. Trade & Risk on your own.