The RGTBHD buy signal was triggered based on the MRV1 setup at RM0.245. The target is a 20% increase to RM0.225, with a stop loss of RM0.165. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
The price movement pattern has stagnated after a major downtrend from the November 2021 peak. Now hovering above the support area of RM0.23 from the resistance-turned-support from 2018 to 2019. The immediate resistance is at RM0.275, with RM0.315 seen next. Support is seen in the RM0.230 with RM0.195 as the next support.
**This is for discussion purposes only and is not a buy/sell call**
The price movement pattern has stagnated after a major downtrend from the November 2021 peak. Now hovering above the support area of RM0.23 from the resistance-turned-support from 2018 to 2019. The immediate resistance is at RM0.275, with RM0.315 seen next. Support is seen in the RM0.230 with RM0.195 as the next support.
**This is for discussion purposes only and is not a buy/sell call**