Mah Sing Group rebounded and touched the RM0.98 resistance level. With its RSI indicator trending upwards, coupled with a higher low candle stick pattern, there is a good chance it will break out and head towards the shortterm target price of RM1.02, followed by RM1.07. The downside support is marked at RM0.89. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.98
Target: RM1.02, RM1.07 (time frame: 2-4 weeks)
Exit: RM0.89
Source: AmInvest Research - 6 Nov 2020
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Created by AmInvest | Dec 20, 2024
Created by AmInvest | Dec 19, 2024
banu3119
Earlier mahsing went up to rm 1.40 and now the target price is rm 1.02 or 1.07. So i wanted to know why
2020-11-06 21:58