The IFCAMSC buy signal was triggered based on the MRV1 setup at RM0.285. The target is a 20% increase to RM0.345, with a stop loss of RM0.255. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
The price seems to have been hopping around the price of RM0.280, establishing an accumulation base price for the counter. A price spike to reach its near resistances of RM3.05 and RM0.335 is likely in the near term. Support is seen in the RM0.250, with RM0.220 as the next support.
**This is for discussion purposes only and is not a buy/sell call**
The price seems to have been hopping around the price of RM0.280, establishing an accumulation base price for the counter. A price spike to reach its near resistances of RM3.05 and RM0.335 is likely in the near term. Support is seen in the RM0.250, with RM0.220 as the next support.
**This is for discussion purposes only and is not a buy/sell call**