SCGBHD enters phase 5 Shark Indicator

Looking at the chart for Southern Cable Group Berhad, here's my analysis:

Current Price Action:
- Trading at RM1.24, up 5.98%
- Strong uptrend in place since October 2023
- Price is currently above all major moving averages, indicating bullish momentum

Technical Structure:
1. Moving Averages:
- Price trading above both short and long-term moving averages
- Moving averages are in bullish alignment (shorter above longer)
- Acting as dynamic support during pullbacks

2. Volume Analysis:
- Recent volume increase supporting the price rise
- Volume pattern shows healthy accumulation
- Bottom indicator suggests positive money flow

3. Key Levels:
- Support around RM1.10 (recent consolidation area)
- Previous resistance around RM1.00 now acting as support
- Current breakout level at RM1.20 becoming new support

Notable Events:
- Significant drop in June 2024 (MYR-18.287M, -183.18%)
- Recovery from September 2024 with strong momentum
- Current price action showing highest levels in the chart's timeframe

Outlook:
- Overall trend is strongly bullish
- Price structure showing higher highs and higher lows
- Momentum indicators suggesting continued strength

Trading Considerations:
- Buy zones near moving average supports
- Risk management stop loss below RM1.10
- Trend following strategy appears optimal given current structure