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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 15 Nov 2019, 9:03 AM

 

Stocks On Radar - Chin Well Holdings (5007)

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Chin Well Holdings was testing the RM1.92 level in its latest session. With a healthy RSI level, it may move higher above this mark with a target price of RM2.00, followed by RM2.20. Meanwhile, it may drift sideways if it fails to cross the RM1.92 mark in the near term. In this case, support is anticipated at RM1.70, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend continuation above RM1.92

Target: RM2.00, RM2.20 (time frame: 3-6 weeks)

Exit: RM1.70

Source: AmInvest Research - 29 Nov 2018

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Labels: CHINWEL

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Chart Stock Name Last Change Volume 
CHINWEL 1.58 -0.04 (2.47%) 190,700 

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