Melewar Industrial Group Bhd.
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A Breakout Signal!

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The price trendline indicates a price breakout signal due to significate price movement with volume above the MA20 line. The MA20 line cross over the MA50 line, hence, indicating a strong uptrend price momentum to the next price resistance.

The RSI indexes momentum towards the next indexes peak; indexes 70. This confirms the significate price momentum.

MACD and OBV indicate a divergence signal. Thus, confirming the price movement and RSI indexes.

Precaution for price correction between 10% - 20% from the recent peak before the price continues t the next price resistance.

Let's save MELEWAR in WL and watch out for price movement towards the next price resistance with volume.

R 0.450
S 0.385

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