Greatech Technology may soon test the RM1.05 minor resistance level. With a rising RSI level, there is a possibility it will break above the resistance level and move towards target prices of RM1.14 and RM1.19. If it fails to cross above RM1.05, expect a sideway consolidation movement. Support is anticipated at RM0.97, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.05
Target: RM1.14, RM1.19 (time frame: 3-6 weeks)
Exit: RM0.97
Source: AmInvest Research - 1 Aug 2019
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Created by AmInvest | Nov 25, 2024