Caely Holdings surged and tested the RM0.455 resistance level. With its RSI indicator 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 RM0.48, followed by RM0.49. The downside support is marked at RM0.425. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on pullback RM0.455
Target: RM0.48, RM0.49 (time frame: 2-4 weeks)
Exit: RM0.425
Source: AmInvest Research - 7 Dec 2021
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Created by AmInvest | Nov 21, 2024