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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 4 Dec 2020, 10:14 AM

 

Stock on Radar - Rimbunan Sawit (5113)

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Rimbunan Sawit bounced off from its low and is now consolidating at the RM0.31 level. With a rising RSI, a bullish bias may be present above this mark target prices of RM0.34 and RM0.365. Meanwhile, it may continue moving sideways if it fails to close above the RM0.31 mark in the near term. In this case, the downside support is anticipated at RM0.275, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy near RM0.31

Target: RM0.34, RM0.365 (time frame: 3-6 weeks) Exit: RM0.275

Source: AmInvest Research - 6 Feb 2020

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Labels: RSAWIT

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Chart Stock Name Last Change Volume 
RSAWIT 0.295 0.00 (0.00%) 13,853,500 

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