ES Ceramics Technology rose and touched the RM0.435 resistance level. With its 21-day moving average in an uptrend, 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 RM0.45, followed by RM0.465. The downside support is marked at RM0.405. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.435
Target: RM0.45, RM0.465 (time frame: 2-4 weeks)
Exit: RM0.405
Source: AmInvest Research - 29 Nov 2021
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Created by AmInvest | Nov 21, 2024