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syafizi

CYBERE buy signal based on MRV1 setup on 4 Jan 24 at RM0.125

Long
CYBERJAYA EDUCATION GROUP BERHAD (MYX_DLY:CYBERE)  
syafizi Updated   
MYX_DLY:CYBERE   CYBERJAYA EDUCATION GROUP BERHAD
Technical Indicators CYBERE bursamalaysia syariah
2
0
indicator cybere bursamalaysia syariah

  • This is a repeated signal that was triggered on 20 Dec 2023 at the closing price of RM0.120.
  • The support area could be established at the equilibrium support area of RM0.115.
  • Suggested stop loss at RM0.105 to comply with the minimum risk of 10% based on the price.
  • The target price is at RM0.150 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area.
  • Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference.
  • The expected holding period is 2-3 months as the signal is derived from the daily chart.
  • The share price just broke through a symmetrical pattern, retraced, and an uptick occurred at the equilibrium support. A momentum reading appeared as confirmation for the pattern play.

This information is for discussion purposes only and is not a buy/sell call.
Trade closed: stop reached
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