FakhruddinFazil

Potential Impact of Subsidies Adjust. on LAYHONG

Long
FakhruddinFazil Updated   
MYX_DLY:LAYHONG   LAY HONG BHD
1. The price of GFM has recently experienced a notable recovery, surpassing the MA50 with a significant surge in trading volume. This occurrence indicates a high likelihood of the ongoing bullish trend.

2. Substantial gap emerged in the price following the government's announcement regarding the adjustment of prices for eggs and chicken meat

3. However, it is essential to monitor the price action to ensure that the price maintains its position within the gap area, as any significant deviation might influence the trajectory of the anticipated price target.
Trade closed manually
Comment:
There is still a possibility to grasp opportunities and accumulate gains.

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