Sarawak Oil Palms Bhd (MYX: SOP)
Current Price: 2.93 MYR
The stock has recently shown a strong upward movement, breaking above the 50-day and 100-day moving averages. Consider entering a position if the price stays above the 3.00 MYR level with confirmation from volume.
Primary Target: 3.30 MYR (short-term) based on the next resistance level.
Stop Loss: 2.75 MYR, slightly below the 100-day moving average to protect against downside risk.
Short-Term: (1-3 weeks) — This plan is focused on capturing the immediate price movement above key moving averages.
The company has shown strong financial performance, which might support upward momentum in the stock price. However, external factors like competition from Indonesian producers may introduce volatility.
This plan is for educational purposes only and not financial advice. Consult with a financial advisor before making investment decisions.
The stock has recently shown a strong upward movement, breaking above the 50-day and 100-day moving averages. Consider entering a position if the price stays above the 3.00 MYR level with confirmation from volume.
Primary Target: 3.30 MYR (short-term) based on the next resistance level.
Stop Loss: 2.75 MYR, slightly below the 100-day moving average to protect against downside risk.
Short-Term: (1-3 weeks) — This plan is focused on capturing the immediate price movement above key moving averages.
The company has shown strong financial performance, which might support upward momentum in the stock price. However, external factors like competition from Indonesian producers may introduce volatility.
This plan is for educational purposes only and not financial advice. Consult with a financial advisor before making investment decisions.
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