$CARIMIN / 5257 (CARIMIN PETROLEUM BERHAD)
Fundamentally healthy and strong chart technically.
Huge pressure point created from MCO 2020, gapped down from 1.00 to 0.890.
Used 3-4 years to consolidate sideways. Last year Sept 2023 broke free of the 0.890 resistance
This year attempted to fill the gap 3 times (Jan, May, July), each time faced with resistance but didn’t break previous low, forming a abcde corrective pattern.
Things looking pretty for this curry mee if it can break out from this short term, healthy correction after absorbing all the pressure.