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REASON: Kawan Energy is currently trading near a strong support zone between RM0.565 and RM0.615, offering an ideal entry point (EP) for long-term investors. If the price retraces back to RM0.565, this level provides an opportunity to top up for a better average price. The stock has been consolidating in this zone and is showing signs of upward momentum with increasing volume.
With a risk/reward ratio of 3.17, this setup provides a favorable opportunity for gains, targeting RM0.785 and RM0.900. The consolidation at this strong support level suggests a potential breakout.
Financial Disclaimer:
This information is for educational purposes and does not constitute financial advice. Investing and trading involve risks, and past performance does not guarantee future outcomes. KachiFX is not responsible for any financial losses. Always perform your own research or consult a licensed financial advisor before making investment decisions.
