- This is actually a repeated signal which was observed on 19 De 23 at the same price based on MRV1 setup.
- Support area could be established at equilibrium support area of RM0.210 which is also the suggested stop loss to maintain minimum risk of 10%.
- Stop loss aligns with next support area based on equilibrium.
- Target price set at RM0.280 with a 1:2 risk/reward ratio or at RM 0.280 to align with equilibrium resistance price area. However, you may also adjust risk/reward ratio to 1:1.5 or 1:1.
- Expected holding period is about 2-3 months as signal comes from daily chart.
- Nearest resistance to break at RM0.245
- Exercise extra caution as this is not a counter with good volume.
This information is for discussion purposes only and is not a buy/sell call.