DiGi.Com has been moving sideways in its last few sessions. With a neutral RSI level, it may move higher above the resistance price of RM4.68. If this happens, its short-term target price will be RM4.90 followed by RM5.10. Meanwhile, it may continue to drift sideways if it fails to cross the RM4.68 mark in the near term. In this case, support is anticipated at RM4.48, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on favourable consolidation above RM4.68
Target: RM4.90, RM5.10 (time frame: 3-6 weeks)
Exit: RM4.48
Source: AmInvest Research - 4 Apr 2019
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Created by AmInvest | Nov 25, 2024