Kumpulan Powernet surged past the resistance price of RM1.93 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, it may continue to travel towards the target prices of RM2.05 and RM2.16. The immediate support is anticipated at RM1.79, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy upon breakout above RM1.93
Target: RM2.05, RM2.16 (time frame: 3-6 weeks)
Exit: RM1.79
Source: AmInvest Research - 7 Feb 2020
Chart | Stock Name | Last | Change | Volume |
---|
Created by AmInvest | Nov 25, 2024