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AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 28 Sep 2020, 2:32 PM

 

Stocks on Radar- Notion VTec (0083)

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Notion VTec (0083)

Notion VTec surged past the RM0.82 resistance level with higher trading volume. Given that the RSI indicator is pointing upwards, coupled with a bullish white candlestick pattern, we believe that there could be a technical breakout above the resistance level. If this happens, it may climb towards the short-term target prices of RM0.86 and RM0.90. The downside support is anticipated at RM0.77, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM0.82

Target: RM0.86, RM0.90 (time frame: 2-4 weeks)

Exit: RM0.77

Source: AmInvest Research - 3 Aug 2020

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Labels: NOTION

Related Stocks

Chart Stock Name Last Change Volume 
NOTION 1.11 0.00 (0.00%) 14,116,900 

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