CUSCAPI was triggered based on the MRV1 on 20 Dec 2023The CUSCAPI buy signal was triggered based on the MRV1 setup at RM0.185, with the closing price on December 20. The target is a 20% increase to RM0.225, with a stop loss of RM0.165. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
The price movement pattern is showing a good higher low after a great deal of downtrend from the early 2022 peak. The immediate resistance is at RM0.195, with the next resistance at RM0.215 and RM0.230. Support is seen in the RM0.170 and RM0.155 areas.
**This is for discussion purposes only and is not a buy/sell call**
