Simple 13 Trading idea
Current Price: RM 2.08
Profit Target: RM 2.30
Buy Zone: RM 1.95 - RM 2.08
Profit Target: RM 2.30
Buy Zone: RM 1.95 - RM 2.08
Entry Strategy:
Start accumulating KOSSAN shares in the buy zone between RM 1.95 and RM 2.08. This range offers a favorable risk-reward ratio.
Start accumulating KOSSAN shares in the buy zone between RM 1.95 and RM 2.08. This range offers a favorable risk-reward ratio.
Profit Taking:
If the price reaches RM 2.30, take profit, as this area is considered a resistance level or the stock may be overbought, and it might be prudent to lock in profits. This translates to a potential upside of 10.6% from the current price.
If the price reaches RM 2.30, take profit, as this area is considered a resistance level or the stock may be overbought, and it might be prudent to lock in profits. This translates to a potential upside of 10.6% from the current price.
Risk Management:
If the price drops below RM 1.95, exit the trade to limit losses. This sets the downside risk at approximately 6.3% from the current price.
If the price drops below RM 1.95, exit the trade to limit losses. This sets the downside risk at approximately 6.3% from the current price.
Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Focus on picking stocks with strong fundamentals, look for low risk opportunities and wait patiently for profit taking.
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