GHL Systems may soon test the RM1.68 resistance level. The RSI indicator is rising higher above 60%, indicating that momentum may continue to propel the stock further towards the short-term target prices of RM1.78, followed by RM1.87. The downside support is anticipated at RM1.55, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM1.68
Target: RM1.78, RM1.87 (time frame: 3-6 weeks)
Exit: RM1.55
Source: AmInvest Research - 26 Feb 2020
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Created by AmInvest | Nov 25, 2024