United U-Li Corporation 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 RM0.70. If this happens, its short-term target price will be RM0.78 followed by RM0.85. Support price is anticipated at RM0.63, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on trend continuation above RM0.70
Target: RM0.78, RM0.85 (time frame: 3-6 weeks)
Exit: RM0.63
Source: AmInvest Research - 6 May 2019
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