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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 24 Jan 2020, 3:40 PM

 

Stocks on Radar - Success Transformer Corporation (7207)

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Success Transformer Corporation was testing the RM0.95 resistance level in the last few sessions. With a healthy RSI level, a bullish bias may be present above this level with a target price of RM1.04, followed by RM1.09. Meanwhile, it may continue to trend sideways if it fails to breach the RM0.95 mark. In this case, support is anticipated at RM0.88, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.95

Target: RM1.04, RM1.09 (time frame: 3-6 weeks)

Exit: RM0.88

Source: AmInvest Research - 28 Jun 2019

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Labels: SUCCESS

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Chart Stock Name Last Change Volume 
SUCCESS 0.93 -0.01 (1.06%) 102,700 

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