MICROLN after disposed by OMESTI - announced severe LOSS

seems like a reversal to happen

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

Current Price Action:
- Trading at RM0.240, up 11.63%
- Recently broken above downtrend resistance
- Showing signs of trend reversal after extended decline

Technical Analysis:
1. Moving Averages:
- Price crossed above all major moving averages
- Moving averages beginning to turn upward
- Golden cross formation developing (short-term MA crossing above long-term MA)

2. Support/Resistance Levels:
- Immediate support at RM0.220 (recent breakout level)
- Next resistance around RM0.280 (previous support turned resistance)
- Major support at RM0.120 (recent low)

Volume Analysis:
- Notable increase in volume supporting the reversal
- September 2024: MYR3.033M (+172.03%)
- Green volume bars indicating strong buying pressure

Key Events and Figures:
- MYR-81.114M (-51561.98%) in September 2024
- June 2024: MYR-4.94M (-81.24%)
- Recent volume spike suggesting institutional interest

Trading Considerations:
- Breakout from downtrend suggests potential trend reversal
- Stop loss could be placed below RM0.200
- Initial target at previous resistance RM0.280
- Risk management crucial given historical volatility