CapitaLand Malaysia Mall Trust has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With a rising RSI, there is a possibility it will break above the resistance price of RM1.07, and move towards a target price of RM1.13 followed by RM1.18. The immediate support is anticipated at RM1.02, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy upon breakout above RM1.07
Target: RM1.13, RM1.18 (time frame: 3-6 weeks)
Exit: RM1.02
Source: AmInvest Research - 10 Jul 2019
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Created by AmInvest | Nov 25, 2024