SHH Resources Holdings Bhd (MYX: SHH),The stock is trading at 1.33 MYR, it’s above both the short-term and long-term moving averages (as suggested by the red and blue lines). This is generally considered a bullish signal.
Confirmation: Ensure the price holds above 1.28 MYR, as it’s the recent low. A further confirmation would be if the stock breaks above the recent resistance level near 1.35 MYR with good volume.
Primary Target: 2.10 MYR based on the projected price target from the chart.
Partial Profit Target: Consider taking partial profits at around 1.75 MYR to secure some gains if the stock shows signs of slowing down.
Reasonable stop loss based on current price action might be set at just below 1.10 MYR. This level aligns with recent support and keeps your risk-to-reward ratio favorable.
**This trading plan and analysis are provided for educational purposes only. It is intended to help you understand the technical aspects of stock trading and should not be considered financial advice. Please conduct your own research and consult with a certified financial advisor before making any investment decisions. Trading stocks involves significant risk, and it’s important to invest only what you can afford to lose.
