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REASON: Plytec Berhad has formed a rounded bottom pattern, indicating a potential reversal and strength in upward momentum. The breakout above RM 0.360 shows strong buying interest, making this an optimal entry point for potential gains. The stock is approaching previous resistance levels, with Fibonacci retracement levels aligning with our take-profit targets.
Disclaimer: This analysis is for educational purposes and should not be construed as financial advice. Past performance is not indicative of future results. Always conduct your own research or consult with a licensed financial advisor before making any investment decisions. KachiFX is not responsible for any losses incurred from your trading activities.
Analyst Opinions: Some analysts and investors have expressed confidence in Plytec’s long-term potential, noting it may reach RM0.50 or beyond if market conditions remain f
