SEALINK buy signal based on MRV1 setup on 4 Jan 24 at RM0.220

• This is the first signal following the retracement due to a sudden spike in both price and volume.
  
• The support area could be established at the equilibrium support area of RM0.200.
  
• Suggested stop loss at RM0.195 to comply with the minimum risk of 10% based on the price.
  
• Consider setting the stop loss around the next equilibrium support area at RM0.165 due to the large size of the price candle.
  
• The target price is at RM0.270 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area.
  
• The nearest resistance is at RM0.235. 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 momentum signal was triggered near the equilibrium support at RM0.165 and broke through the equilibrium resistance-turned support at RM0.200.
  
• An uptrend price pattern of higher highs (HH) and higher lows (HL) has been established.
  
• A momentum signal at these price areas should confirm the movement. For a clearer view, zoom out on the chart.
  

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