Lay Hong is currently consolidating sideways and may soon test the RM0.455 level. With healthy volume and a moderate RSI level, it may move higher with a target price of RM0.495, followed by RM0.53. Meanwhile, it may continue to move sideways if it fails to cross the RM0.455 level. In this case, support is anticipated at RM0.42, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on favourable consolidation above RM0.455
Target: RM0.495, RM0.53 (time frame: 3-6 weeks)
Exit: RM0.42
Source: AmInvest Research - 2 Apr 2019
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Created by AmInvest | Nov 21, 2024
kingcobra
Herbyrdchua, what are u waiting for?...sailing ....sell your mansion!..it's now or never!!!.....................
2019-04-02 10:22