Inverted Head and Shoulder - Proton Holding

Proton Holding Berhad currently in downtrend mode and may in bottom side. Inverted head and shoulder may appear and you can refer this chart pattern in my previous post. Left shoulder in increasing volume while the head is slightly low volume. Then if you see on the right the volume increasing which I am thinking that the the pattern might be appear soon. A valid entry signal should be seen if the stock rallies through the neckline together with a big increase volume. See this chart below;

Proton Holding Daily Chart

RSI-14 days showing still in oversold area and basing pattern still in progress. Current support line is expected at RM3.54. Watch out!

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