Johore Tin shot up and formed a long white candle in its lastest session. With an RSI level above 50%, it may continue to climb above the resistance price of RM1.76. If this happens, its shortterm target price will be RM1.88 followed by RM1.93. If it closes below RM1.76, expect a sideway movement. Support is anticipated at RM1.65, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on pullback near RM1.76
Target: RM1.88, RM1.93 (time frame: 3-6 weeks)
Exit: RM1.65
Source: AmInvest Research - 12 Feb 2020
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Created by AmInvest | Nov 25, 2024