FAJARBARU BUILDER GRP BHD
The price has bounced off the lower Bollinger Band, indicating the possibility of an oversold condition, and is now moving toward the middle band (likely the 20-day moving average).
Volume shows an uptick during this bounce, which is bullish, as it suggests that buyers are stepping in at this level.
Support: Around MYR0.380, where the price found a recent base.
Resistance: The immediate resistance seems to be around MYR0.420–MYR0.440 (the middle Bollinger Band and previous price action zone). Further resistance lies around MYR0.500 where the upper Bollinger Band currently resides.
Short-term bullish, with the potential for further upside as the price moves toward resistance levels.
Aggressive traders: May consider entering long positions near current levels, with a target around MYR0.440 and a stop loss below MYR0.380.
Conservative traders: May want to wait for a confirmed breakout above the 50-day SMA or middle Bollinger Band before entering a long position.