Wah Seong Corporation surged and touched the RM0.78 resistance level with higher trading volume. With its RSI 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 RM0.84, followed by RM0.89. The downside support is marked at RM0.715. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.78
Target: RM0.84, RM0.89 (time frame: 2-4 weeks)
Exit: RM0.715
Source: AmInvest Research - 5 Mar 2021
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Created by AmInvest | Jul 26, 2024