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syafizi
Dec 19, 2023 11:48 AM

SHCHAN triggered based on MRV1 on closing 19 Dec 23 Long

SIN HENG CHAN (MALAYA) BHDMYX

Description

Buy signal triggered based on MRV1 setup at RM0.385;
20% target at RM0.465; stop loss at RM0.345;
2-3 months due to the signal based on the daily timeframe.

The second buy order after a great jump in price and volume traded and subsequent retracement. Given the large historical price spread between high and low of this counter, immediate resistance is at RM0.425 and next resistance at RM0.540. Support seen at RM0.305 area.

**Only for discussion purposes. Not a buy / sell call**

Trade closed: stop reached

The big price spike is a trap and it messed up my judgement. This is the handiwork of a single-handed Cindy, if you know what I mean.
Comments
gazwan952
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