DKSH Holdings Malaysia was testing the RM2.66 resistance level in its latest session. With a rising RSI level, it may trend higher above this level with a target price of RM2.90. However, it may turn sideways if it fails to cross above the RM2.66 mark in the near term. In this case, the immediate support is anticipated at RM2.50, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM2.66
Target: RM2.90 (time frame: 3-6 weeks)
Exit: RM2.50
Source: AmInvest Research - 28 Jun 2019
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Created by AmInvest | Nov 25, 2024