HSS Engineers jumped above the RM0.835 resistance in its latest session. Higher trading volume was also recorded. With the momentum indicator RSI above 60%, there is a possibility it will continue to climb towards the target prices of RM0.89 and RM0.92. The immediate support is anticipated at RM0.79, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy on breakout RM0.835
Target: RM0.89, RM0.92 (time frame: 3-6 weeks)
Exit: RM0.79
Source: AmInvest Research - 19 Feb 2020
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Created by AmInvest | Nov 25, 2024