Dominant Enterprise climbed and touched the RM1.22 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 RM1.27, followed by RM1.29. The downside support is marked at RM1.15. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM1.22

Target: RM1.27, RM1.29 (time frame: 2-4 weeks)

Exit: RM1.15
 

Source: AmInvest Research - 31 Jan 2022