The stock is trading at 1.33 MYR, it’s above both the short-term and long-term moving averages (as suggested by the red and blue lines). This is generally considered a bullish signal.
Confirmation: Ensure the price holds above 1.28 MYR, as it’s the recent low. A further confirmation would be if the stock breaks above the recent resistance level near 1.35 MYR with good volume.
Primary Target: 2.10 MYR based on the projected price target from the chart.
Partial Profit Target: Consider taking partial profits at around 1.75 MYR to secure some gains if the stock shows signs of slowing down.
Reasonable stop loss based on current price action might be set at just below 1.10 MYR. This level aligns with recent support and keeps your risk-to-reward ratio favorable.
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