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AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 4 Aug 2020, 5:55 PM

 

Stocks on Radar- Bursa Malaysia (1818)

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Bursa Malaysia surged past the RM7.65 resistance level with higher trading volume. With the RSI indicator pointing upwards, there is a possibility the bullish momentum will continue to travel towards the short-term target prices of RM8.05 and RM8.40. If it dips below RM7.65, expect sideways consolidation again. The downside support is anticipated at RM7.25, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM7.65

Target: RM8.05, RM8.40 (time frame: 2-4 weeks)

Exit: RM7.25

Source: AmInvest Research - 3 Jul 2020

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Labels: BURSA

Related Stocks

Chart Stock Name Last Change Volume 
BURSA 9.95 +0.35 (3.65%) 6,134,700 

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