Dagang NeXchange was testing the RM0.28 mark in its latest session. With a neutral RSI level, a bullish bias may be present above this point with a target price of RM0.30, followed by RM0.335. Meanwhile, it may continue trending sideways if it fails to cross the RM0.28 mark in the near term. In this case, support is anticipated at RM0.26 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on further rebound above RM0.28
Target: RM0.30, RM0.335 (time frame: 3-6 weeks)
Exit: RM0.26
Source: AmInvest Research - 4 Mar 2019
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Created by AmInvest | Nov 25, 2024