The GOB buy signal was triggered based on the MRV1 setup at RM0.225. The target is a 20% increase to RM0.275, with a stop loss of RM0.200. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
The price seems to have been supported well at the price of RM0.210, and a sudden spike after a few sessions of flat movement seems like the start of something. The immediate resistance is at RM0.250, with RM0.290 seen next. Support is seen in RM0.210, with RM0.195 as the next support.
**This is for discussion purposes only and is not a buy/sell call**
The price seems to have been supported well at the price of RM0.210, and a sudden spike after a few sessions of flat movement seems like the start of something. The immediate resistance is at RM0.250, with RM0.290 seen next. Support is seen in RM0.210, with RM0.195 as the next support.
**This is for discussion purposes only and is not a buy/sell call**