PAOS buy signal based on MRV2 setup on 4 Jan 24 at RM0.390

• Buy signal for PAOS observed on 4 Jan '24 at RM0.390 based on the MRV2 setup, a higher risk version of the original MRV1.
  
• MRV1 triggered on 19 Dec 2023 at the closing price of RM0.405.
  
• The support area could be established at the equilibrium support area of RM0.380. The suggested stop loss is set lower at RM0.360 to maintain a minimum risk of 10% and avoid a too tight stop loss for counters around this price range.
  
• The target price is at RM0.495 with a 1:2 risk/reward ratio. You may align with the equilibrium resistance price area at RM0.510 or adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference.
  
• The expected holding period is about 2-3 months since the signal comes from the daily chart.
  
• A momentum reading appeared at the equilibrium support area, showing confirmation to continue upward momentum.
  

This information is for discussion purposes only and is not a buy/sell call.

Trade closed: stop reached