Muda Holdings was testing the RM1.92 level in its latest session. With a neutral RSI level, it may move higher above this mark with a target price of RM2.07, followed by RM2.19. Meanwhile, it may continue moving sideways if it fails to cross the RM1.92 mark in the near term. In this case, support is anticipated at RM1.81, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on further rebound above RM1.92
Target: RM2.07, RM2.19 (time frame: 3-6 weeks)
Exit: RM1.81
Source: AmInvest Research - 19 Mar 2019
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Created by AmInvest | Nov 25, 2024