Nova Wellness Group rose and touched the RM0.97 resistance level. With its 21-day moving average in an uptrend, coupled with a higher high candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.00 and RM1.02. The downside support is projected at RM0.925. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.97
Target: RM1.00, RM1.02 (time frame: 2-4 weeks)
Exit: RM0.925
Source: AmInvest Research - 17 Dec 2021
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Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 02, 2024