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Pelikan - Support & Angle Pointing Way(Mandarin - XianRenZhiLu)

Long
PELIKAN INT.CORPORATION BHD (MYX:PELIKAN)  
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MYX:PELIKAN   PELIKAN INT.CORPORATION BHD
Chart Patterns Support and Resistance
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chartpattern supportandresistance
Pelikan showing that the price is supported at various previous high price area as indicated with the purple box. Recent candle stick show that the price would have support and previous candle with long upper shadow line show the pattern called XianRenZhiLu in Chinese, which mean Angle Pointing Way, which mean the price would ultimately go back to the high of the candle with long upper shadow line.

Idee correlate

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in stead of going up, it enter into ranging
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