AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 25 Nov 2020, 10:21 AM


Stock on Radar - Sarawak Cable (5170)

Author:   |    Publish date:

Sarawak Cable retreated after failing to break above the resistance price of RM0.36. With a moderate RSI, its uptrend momentum may resume if it breaks above the resistance price of RM0.36 in upcoming sessions. If this happens, its short-term target price will be RM0.39 followed by RM0.41. The support price is anticipated at RM0.32, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.36
Target: RM0.39, RM0.41 (time frame: 3-6 weeks)
Exit: RM0.32

Source: AmInvest Research - 17 Jan 2020

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Labels: SCABLE

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