Homeritz Corporation has been consolidating sideways during recent sessions with an immediate resistance price of RM0.66. With a neutral RSI, it may break the resistance level. If this happens, the short-term target prices will be RM0.70 and RM0.74. Support is anticipated at RM0.62, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.66
Target: RM0.70, RM0.74 (time frame: 3-6 weeks)
Exit: RM0.62
Source: AmInvest Research - 26 Aug 2019
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