VisDynamics’ buying interest is back after it broke out of the 2-week bullish flag pattern with a long white candle yesterday. As the 20-day and 50-day EMAs have established their bullish crossover since two weeks ago, the current bullish momentum may persist in the near term. A bullish bias may emerge above the RM0.75 level, with a stop-loss set at RM0.69, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.82, followed by RM0.87.
Entry : RM0.75–0.775
Target : RM0.82, RM0.87
Exit : RM0.69
Source: AmInvest Research - 26 Aug 2022
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Created by AmInvest | Apr 18, 2024