GHL Systems was testing the RM1.38 level in its latest session. With an RSI level above 50%, it may trend higher above this point with a target price of RM1.47, followed by RM1.56. Meanwhile, it may continue trending sideways if it fails to cross the RM1.38
mark in the near term. Support is then anticipated at RM1.29, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.38
Target: RM1.47, RM1.56 (time frame: 3-6 weeks)
Exit: RM1.29
Source: AmInvest Research - 11 Sept 2019
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Created by AmInvest | Nov 25, 2024