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FakhruddinFazil
Oct 25, 2023 8:40 AM

Potential Impact of Subsidies Adjust. on LAYHONG Long

LAY HONG BHDMYX

Description

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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