Malakoff Corporation has been consolidating sideways during recent sessions, with an immediate resistance price of RM0.86. With an RSI above 50%, it may break the resistance level and move towards the short-term target price of RM0.895 followed by RM0.92. The support price is anticipated at RM0.835, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.86
Target: RM0.895, RM0.92 (time frame: 3-6 weeks)
Exit: RM0.835
Source: AmInvest Research - 1 Oct 2019
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SM related counters i3 no followers?
2019-10-01 09:33