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• Buy Entry: Around RM 0.400
• Take Profit 1 (TP1): RM 0.425 (Conservative)
• Take Profit 2 (TP2): RM 0.475 (Moderate)
• Stop Loss: RM 0.375 (Below recent support)
Elridge Energy is showing early signs of a potential bullish reversal, backed by rising volume and a breakout from its recent consolidation phase. Traders should be mindful of resistance around RM 0.425, as this could present a short-term challenge. Current momentum indicators are neutral, so it’s essential to keep an eye on the stock for continued strength before committing to a trade.
For those interested in a deeper dive into the technicals or potential setups, feel free to connect for more detailed analysis.