About meUsing my own way to analysis chart (Target price and Cut loss price).
Find suitable risk and reward ratio to invest/trade.
Let's discuss and share your opinion together.
****All ideas for education tracking record only not a buy call*****
Resistance / TP Reached: RM 8.25(FIBO 4.236). High risk ATM, unless it breakout 8.25. Next TP only can confirm when breakout.
Rebound at support: RM 7.32(FIBO 2.618) or (MA 25). Can take MA 25 as short term trend support line.
Done first cycle Fibonacci (0-4.236), breakout first cycle on Sep 2020, undergoing next cycle until the target price.
Target Price: 4.41 - 4.46
Cut Loss: candle close below 3.29
Price now: 3.68 (23 Oct 2020)