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EPICON Berhad Technical Analysis: Bullish Triangle Setup Poi…

EPICON Berhad Technical Analysis: Bullish Triangle Setup Poi…

EPICON Berhad is approaching an important technical breakout zone as its share price continues to tighten within a symmetrical triangle formation. Following the strong rally from around RM0.135 to RM0.240, the stock has spent the past two months consolidating while maintaining a series of higher lows, suggesting that buyers continue to support the share price during pullbacks.

At the current price of RM0.195, EPICON is trading very close to the convergence of its descending resistance and rising support trendlines. Such volatility compression often precedes a larger directional move, making the coming sessions particularly interesting from a technical perspective.

The immediate hurdle sits around RM0.200-RM0.205. A convincing breakout…

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