RCE Capital posted a white candle after breaking out from a 2-week ascending triangle. The stock is currently trading further away from the 20-day EMA and has surpassed its previous resistance level at RM2.98. The EMA lines are widening the gap between them, indicating a bullish trend in the near term. Resistance levels may be offered at RM3.30, followed by RM3.50. Toward the downside, the stop-loss is set at RM2.76, positioned below the 20-day EMA.

Entry : RM2.87-3.00

Target : RM3.30, RM3.50

Exit : RM2.76

Source: AmInvest Research - 28 Dec 2023