Engtex Group consolidated and touched the RM0.67 resistance level. 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 RM0.70, followed by RM0.725. The downside support is marked at RM0.645. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.67
Target: RM0.70, RM0.725 (time frame: 2-4 weeks)
Exit: RM0.645
Source: AmInvest Research - 15 Apr 2021
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Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 02, 2024