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Potential Momentum Stock – ZELAN & ZELAN-WA

ZELAN is forming a bottom after long period of downtrend. Volume has been picking up lately at the bottom and the risk reward for this setup is good for traders.

ZELAN-WA volume is well absorbed after T4 and selling pressure is eased on today.

Both setup looks perfect for me that limited downside but great potential upside in future.

ZELAN
R1 : RM 0.20
R2 : RM 0.24
S1 : RM 0.13

ZELAN-WA
R1 : RM 0.085
R2 : RM 0.10
S1 : RM 0.045

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