Simple13 Trading Idea

Technical Setup:
The stock took 67 days to break out of the consolidation zone between RM 0.96 and RM 1.16 with high volume, indicating potential bullish momentum.
After the breakout, there is a high probability of a pullback, which creates an opportunity to enter at lower levels within the buy zone.

Entry Strategy:
Plan to accumulate shares during the pullback between RM 1.10 and RM 1.15, a zone that offers a favorable entry based on support and risk management levels.

Profit Taking:
If the price rises to RM 1.30, take profit as it is a likely resistance level.
Profit-taking strategies should always consider individual preferences and risk tolerance.

Risk Management:
If the price drops below RM 1.05 and breaches the 20 EMA, cut losses to minimize downside risk, as this could indicate a deeper pullback than anticipated.

Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult a professional before making any trading decisions, as market conditions can change rapidly.