AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 18 Jun 2021, 9:53 AM


Stocks on Radar - Rubberex Corporation (M) (7803)

Author:   |    Publish date:

Rubberex Corporation (M) may soon scale higher to test the RM6.26 resistance level. With the 21-day moving average pointing upwards, coupled with a higher trading volume, we think that there could be a techincal breakout above the resistance level. If this happens, it will climb towards the technical target price of RM6.56 followed by RM6.86. In this case, the downside support is marked at RM5.70, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM6.26
Target: RM6.56, RM6.86 (time frame: 2-4 weeks)
Exit: RM5.70


Source: AmInvest Research - 11 Aug 2020

Share this

Related Stocks

Chart Stock Name Last Change Volume 
RUBEREX 1.04 +0.03 (2.97%) 12,049,700 

  960425025501 likes this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

572  344  555 

Top 10 Active Counters
 FINTEC 0.035+0.005 
 MMAG 0.185-0.005 
 VSOLAR 0.02+0.005 
 EURO 1.10-0.11 
 MTOUCHE 0.090.00 
 SERBADK 0.625-0.005 
 HHHCORP 0.190.00 
 MRDIY 3.900.00 
 FOCUS 0.04+0.005 
 EDARAN 1.17+0.265 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!