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AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 1 Dec 2020, 12:48 PM

 

Stocks on Radar - InNature (5295)

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InNature may soon moves higher to test the resistance level RM0.395. Observe that RSI momentum indicator above 50%, couple with high trading volume, we foresee it will experience technical breakout. If this happens, it may climb towards short-term target prices of RM0.425 and RM0.475. In this case, the downside support is anticipated at RM0.345, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.395

Target: RM0.425, RM0.475 (time frame: 2-4 weeks)

Exit: RM0.345

Source: AmInvest Research - 30 Apr 2020

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Labels: INNATURE

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Chart Stock Name Last Change Volume 
INNATURE 0.57 +0.005 (0.88%) 344,600 

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