HeveaBoard surged and tested the RM0.515 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance for a technical breakout towards the short-term target price of RM0.535, followed by RM0.555. The downside support is marked at RM0.49. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.515
Target: RM0.535, RM0.555 (time frame: 2-4 weeks)
Exit: RM0.49
Source: AmInvest Research - 30 Oct 2020
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