Buy signal triggered based on MRV1 setup at RM0.115;
20% target at RM0.140; stop loss at RM0.100;
2-3 months due to the signal based on the daily timeframe. The first buy signal after shares consolidation. Could be price movement messing with the reading but should be fine after a little bit chaos in momentum reading after consolidation late May.
**Only for...
GOCEAN is now on a major pullback and riding the downtrend parallel channel.
Stochastic shows a probably short uptrend with MACD still not showing any sign of breakout.
Nearest resistance is 0.225, with support of 0.15 (RRR 2:1 - not a good entry).
On lower timeframe, it seems to be making a limited upside testing the resistance 0.225. With enough volume, it could...
