- This is actually a repeated signal, as it was previously triggered on 19 Dec 2023 at a similar price of RM0.335.
- Although the support area could be higher, I would set the stop loss to RM0.300 to avoid having a stop that’s too tight.
- The target price is RM0.405. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
- The time horizon is 2-3 months, as the signal is derived from the daily chart.
- There’s no 1-2-3 breakout movement pattern. I’m just expecting that a new higher low (HL) will be created once the recent high (H) of RM0.34 breaks higher.
- The immediate resistance is at RM0.355 and the next resistance is at RM0.400.
- The support zone is at RM0.305.
**Only for discussion purposes. Not a buy / sell call**
- Although the support area could be higher, I would set the stop loss to RM0.300 to avoid having a stop that’s too tight.
- The target price is RM0.405. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
- The time horizon is 2-3 months, as the signal is derived from the daily chart.
- There’s no 1-2-3 breakout movement pattern. I’m just expecting that a new higher low (HL) will be created once the recent high (H) of RM0.34 breaks higher.
- The immediate resistance is at RM0.355 and the next resistance is at RM0.400.
- The support zone is at RM0.305.
**Only for discussion purposes. Not a buy / sell call**
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.