Highlights

AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 25 Feb 2020, 9:18 AM

 

Stocks on Radar - Reach Energy (5256)

Author:   |    Publish date:


Reach Energy may soon test the RM0.18 resistance level. A bullish bias may be present above this mark with the short-term target prices of RM0.20 and RM0.22. Meanwhile, it may continue moving sideways if it fails to cross the RM0.18 mark in the near term. In this case, the downside support is anticipated at RM0.165, whereby traders may exit on a breach to avoid the risk of a further correction Trading Call: Buy upon breakout above RM0.18

Target: RM0.20, RM0.22 (time frame: 3-6 weeks) Exit: RM0.165

Source: AmInvest Research - 22 Jan 2020

Share this
Labels: REACH

Related Stocks

Chart Stock Name Last Change Volume 
REACH 0.145 -0.005 (3.33%) 990,100 

  Be the first to like this.
 


 

589  114  491  1098 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AVI 0.16+0.005 
 HSI-C7V 0.2550.00 
 MTOUCHE 0.17+0.01 
 MYEG 1.23+0.01 
 ICON 0.1050.00 
 TIGER 0.0550.00 
 HSI-H8W 0.15-0.01 
 XOX 0.055+0.005 
 PWRWELL 0.37+0.015 
 SAPNRG 0.225-0.005 
Partners & Brokers