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REASON: Master Tec Group is forming a symmetrical triangle pattern, which often indicates a potential breakout. The stock is consolidating around the 0.618 Fibonacci retracement level, providing a strong technical support zone. If the stock continues to hold above RM1.07, it presents an excellent entry point (EP) for a potential upward move towards RM1.38.
With a risk/reward ratio of 2.58, this setup offers an attractive opportunity for both short- and mid-term gains. The stock is well-positioned for a breakout, with increased volume confirming market interest.
Financial Disclaimer:
This information is for educational purposes only and should not be considered as financial advice. Trading and investing carry risks, and past performance is not indicative of future results. KachiFX is not responsible for any losses incurred. Always do your own research or consult with a licensed financial advisor before making any investment decisions.
