EVERGRN buy signal based on MRV1 setup on 2 Jan 24 at RM0.320
- The stop loss level is RM0.165, which limits the downside risk to around 10%.
- The target price is RM0.390. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
- The time horizon is 2-3 months, as the signal is derived from the daily chart.
- This is a classic 1-2-3 breakout, creating a new higher high (HH) after a higher low (HL).
- The immediate resistance is at RM0.345 and the next resistance is at RM0.395.
- The support zone is at RM0.290
**Only for discussion purposes. Not a buy / sell call**
- The target price is RM0.390. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
- The time horizon is 2-3 months, as the signal is derived from the daily chart.
- This is a classic 1-2-3 breakout, creating a new higher high (HH) after a higher low (HL).
- The immediate resistance is at RM0.345 and the next resistance is at RM0.395.
- The support zone is at RM0.290
**Only for discussion purposes. Not a buy / sell call**
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