ANNJOO new trading planAnn Joo Resources Bhd.MYX:ANNJOOamirulshahCurrent price:RM0.60 Entry zone:RM0.595–0.615 (accumulate at current level) Add position:RM0.63 on confirmed breakout with volume Target 1:RM0.65 (immediate resistance — +8%) Target 2:RM0.76 (analyst consensus target — +26%) Target 3:RM0.85–0.90 (infrastructure super cycle re-rating — +42–50%) Stop loss:RM0.555 (below RM0.565 key support — -7.5%) Risk/Reward~1:3.5Timeframe4–8 weeks swing trade ⚡ Key Adjustments vs Previous Plan Strong momentum confirmation. At RM0.60, ANNJOO has already broken above the earlier resistance zones of RM0.565 and RM0.595 — those levels now flip to support. The stock has re-rated from RM0.44 to RM0.60 — a 36% move — suggesting institutional buying is already in play, likely front-running the Penang LRT contract and infrastructure newsflow. Don't chase the spike — at RM0.60, the stock has already made a significant run. Wait for either a shallow pullback to RM0.595 or a confirmed breakout above RM0.63 before adding new positions. Stop loss adjusted upward — set at RM0.555, just below the RM0.565 former resistance-turned-support. A close below this level on volume signals the breakout has failed. 📌 Tactical Notes Scale in carefully — buy first tranche at RM0.595–0.610, second tranche only on RM0.63 breakout Volume is key — any breakout above RM0.63 must be accompanied by above-average volume to be valid; low-volume breakouts tend to fail Penang LRT catalyst — any Bursa announcement linking ANNJOO to the Penang LRT steel supply contract would be an immediate re-rating event. Set a Bursa alert now Steel price tracker — monitor China HRB400 rebar prices daily. ANNJOO's margins move directly with regional steel prices Book partial profits at RM0.65 — sell 30% of position at Target 1, hold the rest for RM0.76 and beyond Post-results play — next quarterly results release is a key binary event. If losses narrow significantly or a return to profit is announced, expect a gap-up 📊 Revised Risk/Reward Summary Stop loss hitRM0.555-7.5% Target 1 (near-term)RM0.65+8.3% Target 2 (analyst target)RM0.76+26.7% Target 3 (infrastructure re-rating)RM0.85–0.90+41–50% Bull case (contract wins + profitability)RM1.00++66%+ 🔑 Key Catalysts to Watch Penang LRT steel contract win🔺Strong immediate re-rating Q3 2025 loss narrowing🔺 Positive earnings momentum Government local steel mandate🔺 Structural demand floor China rebar price surge🔺 Margin recovery Power tariff increase🔻 Key downside risk Chinese steel dumping escalation🔻 Margin compression