Sasbadi Holdings jumped and touched the RM0.225 resistance level. With its RSI indicator pointing upwards, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.235, followed by RM0.245. The downside support is marked at RM0.205. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.225
Target: RM0.235, RM0.245 (time frame: 2–4 weeks)
Exit: RM0.205
Source: AmInvest Research - 12 Aug 2021
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Created by AmInvest | Nov 25, 2024
Created by AmInvest | Nov 21, 2024