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REASON: The stock is currently bouncing off a strong support zone near RM0.675, indicating a potential reversal. However, if the price retraces to this support level again, it will provide an ideal opportunity for a new entry point (EP). We can look for buying opportunities at this level, as it is a crucial Fibonacci retracement zone.
The stock has shown strength with recent volume spikes and is expected to move toward RM0.805 and beyond, targeting RM0.93. With a risk/reward ratio of 3.4, this setup offers a solid opportunity, but patience is key if waiting for the price to retrace to support before entering.
Group entered at 0.730 and price is now hovering at 0.780 that’s a 6.7%. TP1 will be achieved in. No time. Check out our game plan and also for more analysis on other stocks, check us out on tele. :)
