CCK Consolidated Holdings has rebounded from its low to test the immediate resistance level of RM0.52. With a rising RSI, there is a possibility it will break above the resistance price of RM0.52, and move towards the target prices of RM0.545 and RM0.57. The immediate support is anticipated at RM0.485, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy near RM0.52
Target: RM0.545, RM0.57 (time frame: 3-6 weeks)
Exit: RM0.485
Source: AmInvest Research - 10 Feb 2020
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Created by AmInvest | Nov 25, 2024