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AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 23 Jan 2020, 9:54 AM

 

Stocks on Radar - Ann Joo Resources (6556)

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Ann Joo Resources has seen a technical rebound and tested the RM1.16 resistance level with higher trading volume. With the momentum indicator RSI above 60%, it could break RM1.16, and move towards the short-term target prices of RM1.23 and RM1.28. Support is anticipated at RM1.05, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM1.16
Target: RM1.23, RM1.28 (time frame: 3-6 weeks)
Exit: RM1.05

Source: AmInvest Research - 11 Dec 2019

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Labels: ANNJOO

Related Stocks

Chart Stock Name Last Change Volume 
ANNJOO 1.23 -0.04 (3.15%) 439,600 

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