AmInvest Research Reports

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


Stocks on Radar - Tune Protect Group (5230)

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Tune Protect Group has rebounded from its low to test the immediate resistance level of RM0.595. With an RSI above 50%, a bullish bias may be present above this mark with target prices of RM0.64 and RM0.69. In this case, the immediate support is anticipated at RM0.545, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.595
Target: RM0.64, RM0.69 (time frame: 3-6 weeks)
Exit: RM0.545

Source: AmInvest Research - 18 Oct 2019

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