Homeritz Corporation consolidated and could reach the RM0.845 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance for a technical breakout towards the shortterm target price of RM0.88, followed by RM0.91. The downside support is marked at RM0.81. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.845
Target: RM0.88, RM0.91 (time frame: 2-4 weeks)
Exit: RM0.81
Source: AmInvest Research - 4 Nov 2020
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Created by AmInvest | Jul 26, 2024