MR D.I.Y. Group (M) surged and tested the RM3.74 resistance level. With its RSI indicator in an uptrend, coupled with a higher low candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM3.88 and RM3.96. The downside support is projected at RM3.61. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM3.74
Target: RM3.88, RM3.96 (time frame: 2-4 weeks)
Exit: RM3.61
Source: AmInvest Research - 25 Jun 2021
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Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 02, 2024