GHL Systems shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM1.61. If this happens, its short-term target price will be RM1.72 followed by RM1.85. The support price is anticipated at RM1.51, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on continuation near RM1.61
Target: RM1.72, RM1.85 (time frame: 3-6 weeks)
Exit: RM1.51
Source: AmInvest Research - 13 Feb 2020
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Created by AmInvest | Nov 25, 2024