AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 17 Feb 2020, 9:31 AM


Stocks on Radar - Hengyuan Refining Company (4324)

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Hengyuan Refining Company inched above the RM5.15 level in its latest session. With a rising RSi level, it may move higher above this mark with a target price of RM5.50, followed by RM5.73. Meanwhile, it may continue to drift sideways if it dips back below the RM5.15 mark in the near term. In this case, support is anticipated at RM4.90, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM5.15

Target: RM5.50, RM5.73 (time frame: 3-6 weeks)

Exit: RM4.90

Source: AmInvest Research - 15 Feb 2019

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