Scientex jumped and touched the RM4.13 resistance level. With its RSI indicator trading upwards, coupled with sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM4.26, followed by RM4.30. The downside support is marked at RM3.98. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM4.13
Target: RM4.26, RM4.30 (time frame: 2–4 weeks)
Exit: RM3.98
Source: AmInvest Research - 12 Jul 2021
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Created by AmInvest | Jul 26, 2024