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WONG buy signal based on MRV1 setup on 5 Jan 24 at RM0.235 The support level is around RM0.295, but a safer stop loss would be RM 0.285 to avoid getting stopped out prematurely The resistance level is around RM 0.350, followed by RM0.410, but the target price is set to RM0.390 to ensure a 1:2 risk/reward ratio The holding period is estimated to be 2-3 months based on the daily chart signal Be careful as this is a low-volume stock and may have high volatility This information is for discussion purposes only and is not a buy/sell call.
MYX:WONGLong
by syafizi
A Divergence Signal!The price candlestick indicates a divergence because the price moves in the direction opposite from the previous candlesticks. With volumes exceeding the MA line due to fresh buyer interest. The price channel is used to indicate lower trend line marks support. MACD and RSI indicators also indicated a divergence signal aligned with the price divergence towards the next price peak. Let's save GHLSYS in WL and watch out for price action toward the next price resistance which results in increasing volume due to strong and healthy. R 0.715 S 0.685
GLong
by eskopitehmilo
ACO buy signal based on MRV1 setup on 5 Jan 24 at RM0.235 This is actually a repeated signal which was observed on 19 De 23 at the same price based on MRV1 setup. Support area could be established at equilibrium support area of RM0.210 which is also the suggested stop loss to maintain minimum risk of 10%. Stop loss aligns with next support area based on equilibrium. Target price set at RM0.280 with a 1:2 risk/reward ratio or at RM 0.280 to align with equilibrium resistance price area. However, you may also adjust risk/reward ratio to 1:1.5 or 1:1. Expected holding period is about 2-3 months as signal comes from daily chart. Nearest resistance to break at RM0.245 Exercise extra caution as this is not a counter with good volume. This information is for discussion purposes only and is not a buy/sell call.
MYX:ACOLong
by syafizi
SENHENG buy signal based on MRV1 setup on 5 Jan 24 at RM0.340 Buy signal for SENHENG observed on 5th Jan '24 at RM0.340 based on MRV1 setup. Support area could be established at equilibrium support area of RM0.325. Suggested stop loss set lower at RM0.305 to maintain minimum risk of 10%. Stop loss aligns with next support area based on equilibrium. Target price set at RM0.410 with a 1:2 risk/reward ratio. Option to align with equilibrium resistance price area at RM0.415 or adjust risk/reward ratio to 1:1.5 or 1:1. Expected holding period is about 2-3 months as signal comes from daily chart. Three resistance areas spotted based on equilibrium at RM0.345, RM0.370, and RM0.390. SENHENG has been at lowest price range since September last year. Return to this price area could be interpreted as establishing a base at this price level. Might not appeal to those looking for quick flip but suitable for those without time to frequently check chart. This information is for discussion purposes only and is not a buy/sell call.
SLong
by syafizi