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AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 25 Nov 2020, 10:21 AM

 

Stocks on Radar - Master-Pack Group (7029)

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Master-Pack Group is consolidating near RM1.70 level with high trading volume. With RSI below threshold 30%, which indicates an oversold, we foresee that there could be a technical rebound towards the short-term target prices of RM1.90 and RM2.00. In this case, the downside support is anticipated at RM1.58, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy near RM1.70

Target: RM1.90, RM2.00 (time frame: 3-6 weeks)

Exit: RM1.58

Source: AmInvest Research - 5 Mar 2020

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Labels: MASTER

Related Stocks

Chart Stock Name Last Change Volume 
MASTER 1.77 -0.07 (3.80%) 1,588,400 

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