Buy signal triggered based on MRV1 setup at RM0.335;
20% target at RM0.405; stop loss at RM0.300;
2-3 months due to the signal based on the daily timeframe. A repeated signal which triggered on 6 Dec 2023.
**Only for discussion purposes. Not a buy / sell call.
The candlestick indicates a breakout signal where the price closed above the MA20 line with volume backing the signal.
The MACD indicates a divergence signal aligned with the price uptrend towards the next price resistance.
RSI is in a positive momentum due to fresh buying interest on the stock.
Let's save CENGILD in WL and watch out for significant price...
#CENGILD (CASE STUDY)
Setup: Breakout downtrendline with rally base rally
TP1: 0.49-0.495
Lets monitor closely!
*Personal opinion trade at your own risk*
