MR D.I.Y Group (M) climbed and hit the RM3.52 resistance level. With its RSI indicator pointing upward, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM3.64, followed by RM3.69. The downside support is marked at RM3.36. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM3.52
Target: RM3.64, RM3.69 (time frame: 2-4 weeks)
Exit: RM3.36
Source: AmInvest Research - 24 Dec 2021
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