Hiap Teck Venture has been consolidating range-bound during recent sessions. With neutral RSI, there is a possibilibity it will break the immediate resistance of RM0.275, with a target price of RM0.295 followed by RM0.315. On the downside, support price is anticipated at RM0.255 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.275
Target: RM0.295, RM0.315 (time frame: 3-6 weeks)
Exit: RM0.255
Source: AmInvest Research - 8 May 2019
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Created by AmInvest | Nov 25, 2024