Tri-Mode System (M) rose and tested the RM0.53 resistance level. With its higher low candle stick pattern, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.55 and RM0.58. The downside support is projected at RM0.50. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM0.53
Target: RM0.55, RM0.58 (time frame: 2-4 weeks)
Exit: RM0.50
Source: AmInvest Research - 11 May 2021
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Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 02, 2024