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Author: AmInvest   |   Latest post: Thu, 27 Feb 2020, 11:07 AM

 

Stocks-on-Radar - Eden Inc. (7471)

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Eden Inc. (7471)

Eden Inc. inched higher and may soon test the RM0.235 resistance level. With a rising RSI, a bullish bias may be present above this mark with a short-term target price of RM0.26 and RM0.28. Meanwhile, it may continue moving sideways if it fails to cross the RM0.235 mark in the near term. In this case, the downside support is anticipated at RM0.20, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.235

Target: RM0.26, RM0.28 (time frame: 3-6 weeks)

Exit: RM0.20

Source: AmInvest Research - 28 Jan 2020

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Labels: EDEN

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Chart Stock Name Last Change Volume 
EDEN 0.18 -0.005 (2.70%) 11,108,900 

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