Sand Nisko Capital rose and touched the RM0.59 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 RM0.615, followed by RM0.65. The downside support is marked at RM0.55. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.59
Target: RM0.615, RM0.65 (time frame: 2-4 weeks)
Exit: RM0.55
Source: AmInvest Research - 10 Jan 2022
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Created by AmInvest | Sep 19, 2024
Created by AmInvest | Sep 17, 2024