Malaysian Bulk Carriers inched above the resistance level of RM0.635 in its latest session. With an RSI level above 60%, the bullish momentum may continue to reach the short-term target prices of RM0.655 and RM0.69. Meanwhile, it may move sideways if it dips below RM0.635 in the near term. In this case, the immediate support is anticipated at RM0.60, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on continuation above RM0.635
Target: RM0.655, RM0.69 (time frame: 3-6 weeks)
Exit: RM0.60
Source: AmInvest Research - 5 Sept 2019
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Created by AmInvest | Nov 25, 2024
calvintaneng
Aminvest?
Looks like gambling in maybulk or what?
Better go do deeper Research and give a stronger forecast ok?
2019-09-05 23:43