Excel Force MSC retreated after failing to break above the resistance price of RM0.70. With an RSI level trending above 50%, its uptrend momentum may resume if it breaks above RM0.70 in upcoming sessions. If this happens, its short-term target price will be RM0.745 followed by RM0.77. Support price is anticipated at RM0.63, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.70
Target: RM0.745, RM0.77 (time frame: 3-6 weeks)
Exit: RM0.63
Source: AmInvest Research - 22 Aug 2019
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Created by AmInvest | Nov 25, 2024