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AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 30 Mar 2020, 9:36 AM

 

Stocks on Radar - NTPM Holdings (5066)

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NTPM Holdings jumped higher and may soon test the RM0.535 resistance level. With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM0.57 and RM0.59. Meanwhile, it may continue moving sideways if it fails to cross the RM0.535 mark in the near term. In this case, the downside support is anticipated at RM0.48, whereby traders may exit on a breach to avoid the risk of a further correction. 

Trading Call: Buy before breakout RM0.535
Target: RM0.57, RM0.59 (time frame: 3-6 weeks)
Exit: RM0.48

Source: AmInvest Research - 18 Feb 2020

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Labels: NTPM

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Chart Stock Name Last Change Volume 
NTPM 0.36 +0.01 (2.86%) 1,351,700 

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