E.A. Technique (M) has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM0.45, and move towards a target price of RM0.48 followed by RM0.51. The immediate support is anticipated at RM0.42, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy upon breakout above RM0.45
Target: RM0.48, RM0.51 (time frame: 3-6 weeks)
Exit: RM0.42
Source: AmInvest Research - 9 Jul 2019
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Created by AmInvest | Nov 25, 2024