KLSEPSP - MRCB: Possible lowest and Targets

MRCB (1651)
Construction

Lowest Target: ~RM1.68
1st target: RM1.92
2nd Target: RM2.08
3rd Target: RM2.23

Lets take the "red bubble" is the lowest for both lowest for certain period.
By using Fibo fan, from higher (blue bubble), we spread the fan to nearest lowest price.
Finally we get 3 cross lines at the same place, indicated by black bubble. The time estimation for this lowest is by next week, Tuesday at least.
With lowest estimation at RM1.68, we are looking for a rebound afterward.
By using Fibo projection, 1st target is Rm1.94.
Please bear in mind that this method is used to estimate the time and not for accuracy.
So the best price to enter, probably below RM1.70.

Lets see on the close range with other indicators.

1. MFI, RSI, & Stoch are in oversold area. Still not a good time to enter.
2. Signal MACD is still below -0.043 and bearish territory. 2 histograms created despite price dropped.
3. Same goes to Momentum, price is bearish candle, yet momentum showing up which is good.
4. ADX = Signal go way higher above 20 with -DI going up above +DI. This indicates bearish trending.
5. In the last 3days, price stabilize at RM1.76. There were a trial to move the price up, with open higher but failed to sustain and closed in red (previous closed price).

Summary
I would hold atleast price goes below RM1.70 before buy in.
Lets wait and see what happen next week.