BUY with a target price of RM2.32 and stoploss at RM1.69. On yesterday’s movement, share price managed to penetrate the breakout level of RM1.89 and close above the BBI line to maintain the bullish momentum towards its previous resistance. This is supported by the DMI’s bullish crossover and is consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We peg our targets at RM2.14 and RM2.32 respectively in the short term to medium term.
Expected Timeframe: 2 weeks to 2 months
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Created by UOBKayHian | Aug 26, 2022
Created by UOBKayHian | Feb 24, 2022
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Created by UOBKayHian | Jan 29, 2020