CENGILD triggered based on MRV1 on closing 15 Dec 23Buy signal triggered based on MRV1 setup at RM0.335;
20% target at RM0.405; stop loss at RM0.300;
2-3 months due to the signal based on the daily timeframe. A repeated signal which triggered on 6 Dec 2023.
**Only for discussion purposes. Not a buy / sell call.
CENGILD trade ideas
A Breakout Signal!The candlestick indicates a breakout signal where the price closed above the MA20 line with volume backing the signal.
The MACD indicates a divergence signal aligned with the price uptrend towards the next price resistance.
RSI is in a positive momentum due to fresh buying interest on the stock.
Let's save CENGILD in WL and watch out for significant price movement backed by volume toward the next price resistance.
R 0.510
S 0.445