TIME dotCom was testing the RM9.07 resistance price again in its latest session with higher trading volume.With the momentum indicator RSI above 50%, the short-term rebound could reach a target price of RM9.67, followed by RM9.98. If it fails to cross the RM9.07, it will continue to move sideways and consolidate. Support price is anticipated at RM8.50 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on continuation above RM9.07
Target: RM9.67, RM9.98 (time frame: 4-8 weeks)
Exit: RM8.50
Source: AmInvest Research - 6 May 2019
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Created by AmInvest | Nov 25, 2024