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AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 28 Jan 2020, 3:25 PM

 

Stocks on Radar - KESM Industries (9334)

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KESM Industries may soon test the RM8.68 resistance level. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM9.70. Meanwhile, it may continue moving sideways if it fails to cross the RM8.68 mark in the near term. In this case, the immediate support is anticipated at RM7.98, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on technical rebound above RM8.68

Target: RM9.70 (time frame: 3-6 weeks)

Exit: RM7.98

Source: AmInvest Research - 11 Jan 2019

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Labels: KESM

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Chart Stock Name Last Change Volume 
KESM 11.28 -0.72 (6.00%) 129,800 

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