Revenue Group may soon test the RM1.54 resistance level. With a neutral RSI, a bullish bias may be present above this mark with a short-term target price of RM1.65 and RM1.68. Meanwhile, it may continue moving sideways if it fails to cross the RM1.54 mark in the near term. In this case, the downside support is anticipated at RM1.44, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy upon breakout above RM1.54
Target: RM1.65, RM1.68 (time frame: 3-6 weeks)
Exit: RM1.44
Source: AmInvest Research - 1 Oct 2019
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Created by AmInvest | Nov 25, 2024