AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 6 Apr 2020, 9:25 AM


Stocks on Radar - MMC Corporation (2194)

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MMC Corporation broke past the resistance price of RM0.915 in the latest session. With a rising RSI, it may continue to climb towards its short-term target price of RM0.97 followed by RM0.995. If it closes below RM0.915, expect a sideway movement. Support is anticipated at RM0.87, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM0.915
Target: RM0.97, RM0.995 (time frame: 3-6 weeks)
Exit: RM0.87

Source: AmInvest Research - 14 Feb 2020

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