TA YA ELECTRONIC WIRE & CABLE 
1609 is looking at a potential resumption of the uptrend after price action indicates a strong bullish break above the downtrend line and it has successfully cleared above the bearish gap zone which occurs on 10 Apr 25. We believe further upside is likely to continue as long-term MACD’s histogram remained positive and its signal/MACD line has returned to the upside. Volume is also in a healthy position. Ichimoku shows a clear bullish signal and all indicators are sloping up. Short-term target is at 48.50 while long-term target is at 70.00. Support to accumulate on pullback is at 33.20.
1609 is looking at a potential resumption of the uptrend after price action indicates a strong bullish break above the downtrend line and it has successfully cleared above the bearish gap zone which occurs on 10 Apr 25. We believe further upside is likely to continue as long-term MACD’s histogram remained positive and its signal/MACD line has returned to the upside. Volume is also in a healthy position. Ichimoku shows a clear bullish signal and all indicators are sloping up. Short-term target is at 48.50 while long-term target is at 70.00. Support to accumulate on pullback is at 33.20. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.