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AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 20 Jan 2020, 10:04 AM

 

Stocks on Radar - Johore Tin (7167)

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Johore Tin leapt above the resistance price of RM1.75 in the latest session. With the momentum indicator RSI above 70%, it may continue to climb towards the near-term target price of RM1.88 followed by RM1.92. Meanwhile, it may move sideways if it falls back below RM1.75 in the near term. Support is anticipated at RM1.69, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.75
Target: RM1.88, RM1.92 (time frame: 3-6 weeks)
Exit: RM1.69

Source: AmInvest Research - 11 Dec 2019

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Labels: JOHOTIN

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Chart Stock Name Last Change Volume 
JOHOTIN 1.83 +0.10 (5.78%) 2,299,600 

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