Success Transformer was testing the RM1.05 level in its latest session with high trading volume. With a rising RSI, it may trend higher above this point with a target price of RM1.10, followed by RM1.18. Meanwhile, it may continue trending sideways if it fails to cross the RM1.05 mark in the near term. In this case, support is anticipated at RM0.98, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.05
Target: RM1.10, RM1.18 (time frame: 3-6 weeks)
Exit: RM0.98
Source: AmInvest Research - 6 Dec 2019
Chart | Stock Name | Last | Change | Volume |
---|
Created by AmInvest | Nov 25, 2024