Sealink International shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM0.24. If this happens, its short-term target price will be RM0.275 followed by RM0.31. Support price is anticipated at RM0.205, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on uptrend continuation above RM0.24
Target: RM0.275, RM0.31 (time frame: 2-4 weeks)
Exit: RM0.205
Source: AmInvest Research - 9 Apr 2019
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Created by AmInvest | Nov 25, 2024