N2N Connect has rebounded from its low to test the RM0.745 immediate resistance level. With a rising RSI, a bullish bias may be present above this mark with the target prices of RM0.77 and RM0.81. It may consolidate further if it fails to cross RM0.745 in the coming session. Support is anticipated at RM0.715, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.745
Target: RM0.77, RM0.81 (time frame: 3-6 weeks)
Exit: RM0.715
Source: AmInvest Research - 13 Jan 2020
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Created by AmInvest | Nov 25, 2024