Uchi Technologies rose and is poised to touch the RM3.11 resistance level. With its RSI indicator pointing upward, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM3.21, followed by RM3.31. The downside support is marked at RM2.96. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM3.11
Target: RM3.21, RM3.31 (time frame: 2–4 weeks)
Exit: RM2.96
Source: AmInvest Research - 17 Aug 2021
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Created by AmInvest | Nov 25, 2024
Created by AmInvest | Nov 21, 2024