M&G triggers MRV1 on 8 Jan 2023 at the price of RM0.230 at closi
- This is repeated signal, as the previous signal was triggered on 26 Dec 2023 when the share price was RM0.220
- The support level for M&G is RM0.220, but a safer stop loss would be RM0.195, which is also the previous equilibrium support.
- The resistance level for M&G is RM0.250, followed by RM0.275, but the target price is set to RM0.270 to ensure a good risk/reward ratio of 1:2.
- The holding period for this trade is estimated to be 2-3 months, based on the daily chart analysis.
This information is for discussion purposes only and is not a buy/sell call.
Trade closed: stop reached
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