AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 30 Nov 2020, 10:50 AM


Stocks on Radar - JF Technology (0146)

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JF Technology surged higher to test the RM3.44 resistance level with higher trading volume. Given that the RSI indicator is pointing upwards, coupled with a bullish white candlestick pattern, we think that the bullish momentum will continue to travel towards the short-term target prices of RM3.55 and RM3.65. The downside support is anticipated at RM3.24, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM3.44
Target: RM3.55, RM3.65 (time frame: 2-4 weeks)
Exit: RM3.24

Source: AmInvest Research - 22 Jul 2020

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Labels: JFTECH

Related Stocks

Chart Stock Name Last Change Volume 
JFTECH 4.63 +0.23 (5.23%) 4,800,900 

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