AURO was triggered based on the MRV1 on 20 Dec 2023The AURO buy signal was triggered based on the MRV1 setup at RM0.170. The target is a 20% increase to RM0.210, with a stop loss of RM0.150. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
Resistances are seen at RM0.195 and RM0.240. Support is seen at RM0.145.
**This is for discussion purposes only and is not a buy/sell call**
Auro
AUROPHARMA - At Multiyear ResistanceAUROPHARMA - At Multiyear Resistance
790-820 is the crucial resistance for the stock.
Structure of the stock is still positive , hence wait for further price action to unfold, because resisting these levels can trigger a selling in the stock and also on the flip side break above these levels, can initiate fresh buying in the stock.
My keeping this stock on my radar.