GHL Systems surged past the resistance price of RM1.44 in its latest session. With the RSI above 50%, the bullish momentum could reach the next target price of RM1.53, followed by RM1.66. If it dips below RM1.44, it may move sideways and then consolidate. Support price is anticipated at RM1.33 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.44
Target: RM1.53, RM1.66 (time frame: 3-6 weeks)
Exit: RM1.33
Source: AmInvest Research - 25 Jul 2019
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Created by AmInvest | Nov 25, 2024