AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 4 Dec 2020, 10:14 AM


Stocks on Radar - Success Transformer Corporation (7207)

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Success Transformer Corporation was testing the RM1.03 resistance level during its intraday high. With a rising RSI above 60%, it may climb above this mark with a target price of RM1.09, followed by RM1.18. Meanwhile, it may drift sideways if it fails to cross the RM1.03 mark in the near term. In this case, support is anticipated at RM0.94, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.03
Target: RM1.09, RM1.18 (time frame: 3-6 weeks)
Exit: RM0.94

Source: AmInvest Research - 13 Nov 2019

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Chart Stock Name Last Change Volume 
SUCCESS 0.69 0.00 (0.00%) 762,200 

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