MMC Corporation may soon move higher to retest the resistance level of RM0.64. Notice that the latest trading volume was high. This indicates that there is a possibility it will experience a technical breakout and move towards the short-term target prices of RM0.69 and RM0.74. The downside support is anticipated at RM0.59, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.64
Target: RM0.69, RM0.74 (time frame: 3-6 weeks)
Exit: RM0.59
Source: AmInvest Research - 14 Apr 2020
Chart | Stock Name | Last | Change | Volume |
---|