Price recently pushed higher with volume after a long pullback.
Pullback near to MA200 with low volume.
Using the point & figure chart, the target price can be in the region of RM1.40.
For the time being, price is hovering in the supply area after the strong move up last week.
Risk management is key because the nearest support areas are also quite far from here.
Can consider to buy now with a predetermined stop loss or stand by a stop limit order when prices break above the current consolidation.
#TAYOR
Pullback near to MA200 with low volume.
Using the point & figure chart, the target price can be in the region of RM1.40.
For the time being, price is hovering in the supply area after the strong move up last week.
Risk management is key because the nearest support areas are also quite far from here.
Can consider to buy now with a predetermined stop loss or stand by a stop limit order when prices break above the current consolidation.
#TAYOR
Comment:
Damn! Took more than a year to reach close to the TP.