MR D.I.Y. Group (M) is flirting with the RM4.00 resistance level. With its 21-day moving average indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM4.16, followed by RM4.24. The downside support is marked at RM3.76. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM4.00
Target: RM4.16, RM4.24 (time frame: 2-4 weeks)
Exit: RM3.76
Source: AmInvest Research - 26 Feb 2021
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Created by AmInvest | Jul 26, 2024