Malakoff Corporation jumped from its low and is poised to touch the RM0.955 resistance level. With its RSI indicator on a rising trend, coupled with higher low candle stick pattern, there is a good chance it will break out and head towards the short-term target price of RM0.995, followed by RM1.01. The downside support is marked at RM0.915. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.955
Target: RM0.995, RM1.01 (time frame: 2-4 weeks)
Exit: RM0.915
Source: AmInvest Research - 16 Nov 2020
Chart | Stock Name | Last | Change | Volume |
---|
Created by AmInvest | Jul 26, 2024