This is actually a repeated signal, as it was previously triggered on 29 Dec 2023 at a similar price of RM0.275.
The support area could be set at RM0.245, or at the equilibrium price of RM0.240. Either way would still adhere to the minimum 10% risk based on the price.
The target price is RM0.335, to maintain a risk/reward ratio of 1:2. However, you may choose to...
Let see if it break the down trendline or not.
If break, upside bias.
Daily just crossed Ichi cloud with solid volume.
Weekly future Ichi is thin, looks nice.
EP: 0.195 and above
R/TP: 0.215 / 0.300
(Just for research & learning)
Preparing to breakout from ascending triangle pattern. Safe entry is to wait for breakout @ 0.175
EP 0.175
TP 0.205 (+17%), 0.260 (+48%)
SL 0.145 (-17%)
Speed: Fast with only 327M shares float (30% of 1.09B shares)
Sentiment: Economic recovery theme
Seems price will back to its pre-covid time - good for long term.
TAYOR
