CYBERE buy signal based on MRV1 setup on 4 Jan 24 at RM0.125
This is a repeated signal that was triggered on 20 Dec 2023 at the closing price of RM0.120.
The support area could be established at the equilibrium support area of RM0.115.
Suggested stop loss at RM0.105 to comply with the minimum risk of 10% based on the price.
The target price is at RM0.150 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area.
Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference.
The expected holding period is 2-3 months as the signal is derived from the daily chart.
The share price just broke through a symmetrical pattern, retraced, and an uptick occurred at the equilibrium support. A momentum reading appeared as confirmation for the pattern play.
This information is for discussion purposes only and is not a buy/sell call.
