What do you guys think about AAC tech?

Hey all ! Check out $AAC TECH (02018.HK)$! Price just broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection towards the take profit level in line with 78.6% Fibonacci projection. My bullish bias is further supported by the MACD indicator where the MACD line is above the signal line.