Heveaboard has been range-bound during recent sessions. Higher trading volume was recorded at the latest session. With the momentum indicator RSI above 60%, there is a possibility it will break above the resistance price of RM0.655, and move towards a target price of RM0.685. Meanwhile, the immediate support is anticipated at RM0.63, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy on favourable breakout above RM0.655
Target: RM0.685 (time frame: 2-4 weeks)
Exit: RM0.63
Source: AmInvest Research - 10 Apr 2019
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Created by AmInvest | Nov 25, 2024