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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 13 Dec 2019, 9:23 AM

 

Stocks on Radar - Datasonic Group (5216)

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Datasonic Group was testing the RM0.51 level in its latest level. With a moderate RSI level, it may move higher above this mark with a target price of RM0.55, followed by RM0.585. Meanwhile, it may drift sideways if it fails to breach the RM0.51 mark in the near term. In this case, support is anticipated at RM0.47, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.51

Target: RM0.55, RM0.585 (time frame: 3-6 weeks)

Exit: RM0.47

Source: AmInvest Research - 14 Mar 2019

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Labels: DSONIC

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