InNature is moving sideways, touching the RM0.62 resistance level with higher trading volume. With its RSI indicator pointing upwards, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.65, followed by RM0.66. The downside support is marked at RM0.58. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.62
Target: RM0.65, RM0.66 (time frame: 2-4 weeks)
Exit: RM0.58
Source: AmInvest Research - 12 Mar 2021
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Created by AmInvest | Nov 28, 2024