ATA IMS BERHAD
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ATAIMS - Analysis on the potential price movement

19
N wave with E, N & NT projection.
The price recently broke above a descending trendline, now acting as potential support.
After breaking the trendline resistance, price attempted to push up but is currently retracing slightly.
The price is just inside the down Kumo (resistance).
The cloud is thick and reddish ahead, indicating resistance and possible consolidation or pullback.
The stock is facing resistance from the Kumo and the thick red cloud above suggests a potential struggle to move higher.
If price falls below the recent breakout point near 0.275, it could indicate a failed breakout and a potential pullback toward recent support around 0.25 or lower.
Volume should be monitored closely; a volume spike to the downside would confirm weakness.

Aggressive entry: Buy near 0.275 if price holds above the breakout line with rising volume and breaks above 0.295 with confirmation.

More conservative: Wait for a clear break and daily close above the cloud (~0.295-0.30) before initiating long positions.

Stop loss: Below the breakout point or recent swing low, e.g., ~0.26-0.27.
Target: 0.295 and the upper resistance 0.315 as initial targets.


Note:
1. Analysis for education purposes only.
2. Trade at your own risk.

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