Simple13 Short Term Trading Idea (KOSSAN)
Current Price: RM 2.08
Profit Target: RM 2.30
Buy Zone: RM 1.95 - RM 2.08
Entry Strategy:
Start accumulating KOSSAN shares in the buy zone between RM 1.95 and RM 2.08. This range offers a favorable risk-reward ratio.
Profit Taking:
If the price reaches RM 2.30, take profit, as this area is considered a resistance level or the stock may be overbought, and it might be prudent to lock in profits. This translates to a potential upside of 10.6% from the current price.
Risk Management:
If the price drops below RM 1.95, exit the trade to limit losses. This sets the downside risk at approximately 6.3% from the current price.
Profit Target: RM 2.30
Buy Zone: RM 1.95 - RM 2.08
Entry Strategy:
Start accumulating KOSSAN shares in the buy zone between RM 1.95 and RM 2.08. This range offers a favorable risk-reward ratio.
Profit Taking:
If the price reaches RM 2.30, take profit, as this area is considered a resistance level or the stock may be overbought, and it might be prudent to lock in profits. This translates to a potential upside of 10.6% from the current price.
Risk Management:
If the price drops below RM 1.95, exit the trade to limit losses. This sets the downside risk at approximately 6.3% from the current price.
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