Looking at the chart for Wasco Berhad, here's my analysis:
Current Price Action:
- Trading at RM1.15, up 8.49%
- Breaking out from recent consolidation
- Price testing key moving average resistance
Key Technical Levels:
1. Support:
- Major support at RM0.960 (recent low)
- Stop loss level identified at RM0.190 (16.52% below)
- Support zone around RM1.00-1.05
2. Resistance:
- Immediate resistance at RM1.15 (current level)
- Target price at RM1.51 (31.30% upside)
- Risk/Reward ratio: 1.89
Volume Analysis:
- September 2024: MYR109.098M (-30.54%)
- June 2024: MYR157.061M (+751.44%)
- Recent volume supporting breakout attempt
Notable Events:
- September 2024: MYR23.683M (-46.66%)
- March 2024: MYR101.085M (-2531.5%)
- Showing signs of business improvement
Trading Setup:
- Entry around current levels (RM1.15)
- Stop loss at RM0.960
- Target at RM1.51
- Position sizing suggestion: 1052 shares
Current Price Action:
- Trading at RM1.15, up 8.49%
- Breaking out from recent consolidation
- Price testing key moving average resistance
Key Technical Levels:
1. Support:
- Major support at RM0.960 (recent low)
- Stop loss level identified at RM0.190 (16.52% below)
- Support zone around RM1.00-1.05
2. Resistance:
- Immediate resistance at RM1.15 (current level)
- Target price at RM1.51 (31.30% upside)
- Risk/Reward ratio: 1.89
Volume Analysis:
- September 2024: MYR109.098M (-30.54%)
- June 2024: MYR157.061M (+751.44%)
- Recent volume supporting breakout attempt
Notable Events:
- September 2024: MYR23.683M (-46.66%)
- March 2024: MYR101.085M (-2531.5%)
- Showing signs of business improvement
Trading Setup:
- Entry around current levels (RM1.15)
- Stop loss at RM0.960
- Target at RM1.51
- Position sizing suggestion: 1052 shares
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.