adamkhoosk

3A VCP Setup

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MYX:3A   THREE-A RESOURCES BHD
3A recent developed a VCP setup.

C1: -9%
C2: -8%
C3: -3%

Price breakout at tight area (C3) on 6 Oct and that is the first position. When price breakout, the volume follow through.

After the breakout, there is a 8 days natural reaction occur with volume shrinking.

22 Oct observed a tennis ball effect with volume follow through. Top up second position at 1.07. Let's see next week how it will develop.

Disclaimer:
Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.

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