Fitters Diversified rebounded and touched the RM0.435 resistance level. With its 21-day moving average pointing upward, 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 RM0.455, followed by RM0.47. The downside support is marked at RM0.405. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM0.435
Target: RM0.455, RM0.47 (time frame: 2-4 weeks)
Source: AmInvest Research - 9 Nov 2021