Excel Force MSC is consolidating before testing the RM0.57 resistance level. With its RSI indicator pointing upwards, we think that the bullish momentum will soon push towards the short-term target price of RM0.595 followed by RM0.615. In this case, the downside support is marked at RM0.53, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.57
Target: RM0.595, RM0.615 (time frame: 2-4 weeks)
Exit: RM0.53
Source: AmInvest Research - 3 Sept 2020
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Created by AmInvest | Nov 25, 2024
Created by AmInvest | Nov 21, 2024