AME Elite Consortium surged and touched the RM2.25 resistance level. 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 rebound and head towards the short-term target price of RM2.32, followed by RM2.35. The downside support is marked at RM2.18. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM2.25
Target: RM2.32, RM2.35 (time frame: 2-4 weeks)
Exit: RM2.18
Source: AmInvest Research - 13 Apr 2021
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Created by AmInvest | Jul 26, 2024