Rohas Tecnic was testing the RM0.66 resistance level in its latest session, With a moderate RSI level, it may move higher above this mark with a target price of RM0.75. Meanwhile, it may continue to drift sideways if it fails to cross the RM0.66 mark in the near term. In this case, support is anticipated at RM0.61, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on technical rebound above RM0.66
Target: RM0.75 (time frame: 3-6 weeks)
Exit: RM0.61
Source: AmInvest Research - 21 Mar 2019
Chart | Stock Name | Last | Change | Volume |
---|
Created by AmInvest | Nov 25, 2024