AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 21 Jan 2020, 9:50 AM


Stocks on Radar - Mega First Corporation (3069)

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Mega First Corporation was testing the RM3.90 level during its intraday high. With a rising RSI, it may move higher above this mark with a target price of RM4.05, followed by RM4.20. Meanwhile, it may drift sideways if it fails to cross the RM3.90 mark in the near term. In this case, support is anticipated at RM3.75, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM3.90

Target: RM4.05, RM4.20 (time frame: 3-6 weeks)

Exit: RM3.75

Source: AmInvest Research - 26 Jul 2019

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Labels: MFCB

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