Layhong Losing Momentum, Observe for entry at Major Support AreaFirst I always look at the chart first, identify which market structure we are in?
Personally, I look at Layhong now currently breaking below MA 200, will head to around MYR 0.28 Support area .
Myr 0.28 Support area for Jaks will be a lower downside risks investment. Currently not suitable for entry while we continue to monitor. Momentum indicator also indicating Jaks losing momentum, Signalling exit!
Myr 0.28 will be great position for myself to observe and entry while setting 1 ATR stop Loss below incase the selling pressure continues.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices.
Kindly follow me more for value investing =) Lets keep learning together!
