Master-Pack Group is consolidating near RM1.70 level with high trading volume. With RSI below threshold 30%, which indicates an oversold, we foresee that there could be a technical rebound towards the short-term target prices of RM1.90 and RM2.00. In this case, the downside support is anticipated at RM1.58, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy near RM1.70
Target: RM1.90, RM2.00 (time frame: 3-6 weeks)
Exit: RM1.58
Source: AmInvest Research - 5 Mar 2020
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Created by AmInvest | Nov 25, 2024