NOTION will rebound from 0.382?

Looking at the chart for Notion VTec Berhad, here's my analysis:

Current Price Action:
- Trading at RM1.25, down 0.97%
- In wave iv of a larger Elliott Wave structure
- Price finding support at key Fibonacci levels

Elliott Wave Analysis:
- Completed waves i through iii
- Currently in wave iv correction
- Wave v target projected around RM1.45

Key Technical Levels:
1. Support:
- Major support at RM1.09 (0.618 Fibonacci)
- Secondary support at RM1.00 (0.786 Fibonacci)
- Critical support at RM0.870 (wave i low)

2. Resistance:
- Immediate resistance at RM1.23 (0.382 Fibonacci)
- Major resistance at RM1.45 (wave v target)
- Trend line resistance around RM1.35

Key Points:
- Price bounced from RM1.16 support level
- Moving averages beginning to turn upward
- Volume showing potential accumulation phase
- Trading within an ascending channel

Trading Considerations:
- Wave iv appears to be completing
- Stop loss could be placed below RM1.16
- Risk/reward favorable for wave v setup
- Watch for break above RM1.23 for confirmation