WASCO BERHAD
เพิ่มขึ้น

WASCO long time no see

Looking at the chart for Wasco Berhad, here's my analysis:

Current Price Action:
- Trading at RM1.15, up 8.49%
- Breaking out from recent consolidation
- Price testing key moving average resistance

Key Technical Levels:
1. Support:
- Major support at RM0.960 (recent low)
- Stop loss level identified at RM0.190 (16.52% below)
- Support zone around RM1.00-1.05

2. Resistance:
- Immediate resistance at RM1.15 (current level)
- Target price at RM1.51 (31.30% upside)
- Risk/Reward ratio: 1.89

Volume Analysis:
- September 2024: MYR109.098M (-30.54%)
- June 2024: MYR157.061M (+751.44%)
- Recent volume supporting breakout attempt

Notable Events:
- September 2024: MYR23.683M (-46.66%)
- March 2024: MYR101.085M (-2531.5%)
- Showing signs of business improvement

Trading Setup:
- Entry around current levels (RM1.15)
- Stop loss at RM0.960
- Target at RM1.51
- Position sizing suggestion: 1052 shares
Support and Resistance

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