Maxis has been range-bound during recent sessions. With a rising RSI, there is a possibility it will break above the resistance of RM5.72, and move towards target prices of RM5.92 and RM5.96. Meanwhile, the immediate support is anticipated at RM5.55, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM5.72
Target: RM5.92, RM5.96 (time frame: 3-6 weeks)
Exit: RM5.55
Source: AmInvest Research - 26 Jul 2019
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Created by AmInvest | Nov 25, 2024