Friday, November 10, 2017

Chart[67] - M1

The counter has been bouncing between 1.77 to 1.84 for past three months. Market might have absorbed most negative prospective factors for the telco counter. Looking into bullish break up from its peer, Starhub, similar break up might happen on M1 as well. Last Thursday saw relatively strong buying volume. Similar spike up happened before as well. Shall price break up from 1.84 with decisive volume, it could head towards 1.9. There is a trading gap from 1.96 to 2.04, which might be your most ambitious target.

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