[%MjoK%] - Nice technicals in conjuction with news of Wilmar's Interest

MSM is trying to get a firm footing out of its 2 months of consolidation channel. 

It recently a) breakout from its downtrend resistance despite lack of volume and b) managed to close above trendline. c) At the same time, it also traded above 50 SMA. d) Today it's challenging Fibo 50%. 

If Wilmar story is true, maybe Robert Kuok can bring the company back alive and back to glory days.  

Next target 100days SMA + next fibo level at 1.50 before completeing rounding bottom at 1.70. Support / cut loss at 1.15 

[%wqBb%]

$KLSE-MSM - Nice technicals in conjuction with news of Wilmar's Interest

MSM is trying to get a firm footing out of its 2 months of consolidation channel. 

It recently a) breakout from its downtrend resistance despite lack of volume and b) managed to close above trendline. c) At the same time, it also traded above 50 SMA. d) Today it's challenging Fibo 50%. 

If Wilmar story is true, maybe Robert Kuok can bring the company back alive and back to glory days.  

Next target 100days SMA + next fibo level at 1.50 before completeing rounding bottom at 1.70. Support / cut loss at 1.15 

@eugenekua

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD)