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syafizi
Jan 8, 2024 1:24 PM

WONG buy signal based on MRV1 setup on 5 Jan 24 at RM0.235 Long

MYX:WONG1D
WONG ENGINEERING CORPORATIONMYX

Description

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  • The support level is around RM0.295, but a safer stop loss would be RM 0.285 to avoid getting stopped out prematurely
  • The resistance level is around RM 0.350, followed by RM0.410, but the target price is set to RM0.390 to ensure a 1:2 risk/reward ratio
  • The holding period is estimated to be 2-3 months based on the daily chart signal
  • Be careful as this is a low-volume stock and may have high volatility


This information is for discussion purposes only and is not a buy/sell call.
Technical IndicatorsWONGbursamalaysiasyariah
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