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REASON: RGB International Berhad has retraced to the 61.8% Fibonacci level, a strong support zone around RM0.390. It is advisable to wait for a price retracement back to RM0.390-0.400 for an optimal entry point. The stock is showing positive momentum with solid upward trends, supported by its EMA lines and increasing volume. This could indicate potential upside to the TP1 and TP2 zones.
Financial Disclaimer:
This analysis is for educational purposes and should not be construed as financial advice. Past performance is not indicative of future results. Always conduct your own research or consult with a licensed financial advisor before making any investment decisions. KachiFX is not responsible for any losses incurred from your trading activities.