Managepay Systems jumped and touched the RM0.23 resistance level. With its 21-day moving average 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 RM0.245, followed by RM0.255. The downside support is marked at RM0.215. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.23
Target: RM0.245, RM0.255 (time frame: 2-4 weeks)
Exit: RM0.215
Source: AmInvest Research - 31 May 2021
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Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 02, 2024
dusti
When fully implemented MPAY will most certainly FLY
2021-06-01 13:21