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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 4 Dec 2020, 10:14 AM

 

Stocks on Radar- BCM Alliance (0187)

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BCM Alliance moved higher to test the RM0.355 resistance level with higher trading volume. Given that the 21-day moving average is pointing upwards, coupled with higher low candlestick patterns, we believe that the bullish momentum may continue to climb towards the short-term target prices of RM0.38 and RM0.42. The downside support is anticipated at RM0.30, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.355

Target: RM0.38, RM0.42 (time frame: 2-4 weeks)

Exit: RM0.30

Source: AmInvest Research - 21 Aug 2020

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Labels: BCMALL

Related Stocks

Chart Stock Name Last Change Volume 
BCMALL 0.305 +0.01 (3.39%) 27,342,700 

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