MR D.I.Y. Group (M) surged and tested the RM3.85 resistance level. With its 21-day moving average in an uptrend, coupled with a sustainable trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM4.00 and RM4.10. The downside support is projected at RM3.66. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM3.85
Target: RM4.00, RM4.10 (time frame: 2-4 weeks)
Exit: RM3.66
Source: AmInvest Research - 16 Aug 2021
Chart | Stock Name | Last | Change | Volume |
---|
Created by AmInvest | Jul 26, 2024