Destini was testing the resistance price RM0.325 again in its latest session with a higher trading volume. With an RSI above 60%, the bullish rebound could push it above RM0.325 with a target price of RM0.36, followed by RM0.39. If it fails to cross the RM0.325, it will continue to move sideways and consolidates. Its support price is anticipated at RM0.295 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on further rebound above RM0.325
Target: RM0.36, RM0.39 (time frame: 3-6 weeks)
Exit: RM0.295
Source: AmInvest Research - 8 Apr 2019
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Created by AmInvest | Nov 25, 2024