MR D.I.Y. rose and is poised to test the RM3.70 resistance level. With its RSI indicator in an uptrend, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM3.82 and RM3.90. The downside support is projected at RM3.57. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM3.70
Target: RM3.82, RM3.90 (time frame: 2-4 weeks)
Exit: RM3.57
Source: AmInvest Research - 22 Oct 2021
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Created by AmInvest | Jul 26, 2024