Alcom Group is moving sideways, and is poised to touch the RM0.765 resistance level. With its RSI indicator trending upwards, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.80, followed by RM0.825. The downside support is marked at RM0.72. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.765
Target: RM0.80, RM0.825 (time frame: 2–4 weeks)
Exit: RM0.72
Source: AmInvest Research - 23 Jul 2021
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Created by AmInvest | Nov 25, 2024
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