HLT Global consolidated and retook the RM1.78 resistance level. With its 21-day moving average pointing upwards, coupled with sustainable trading volume, there is a good chance for a technical breakout towards the shortterm target price of RM1.93, followed by RM2.03. The downside support is marked at RM1.53. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on pullback RM1.78
Target: RM1.93, RM2.03 (time frame: 2-4 weeks)
Exit: RM1.53
Source: AmInvest Research - 16 Oct 2020
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