Current Price: RM 1.23
The stock rebounded from a double bottom around RM 1.15, confirming a bullish reversal after breaking above the neckline at RM 1.20. However, the price encountered resistance near RM 1.30 and is now in a pullback phase.
Technical Analysis
1. Fibonacci Retracement Support:
The price has pulled back to the 50% Fibonacci retracement level, a key support zone where buying interest typically re-emerges.
2. Double Bottom Confirmation:
The break above the nec...

Portfolio diversification is the strategy of spreading investments across different assets, sectors, industries, and geographical regions to reduce the overall risk of the portfolio. The idea is that by holding a variety of investments, the overall performance of the portfolio will be less dependent on the performance of any single investment, reducing the risk of large losses.
Why is Portfolio Diversification Important?
1. Risk Reduction:
Diversification...