AmInvest Research Reports

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


Stocks on Radar- BCM Alliance (0187)

Author:   |    Publish date:

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

Share this
Labels: BCMALL

Related Stocks

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

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends

546  656  538  392 

Top 10 Active Counters
 YONGTAI 0.365+0.07 
 MTRONIC 0.135+0.015 
 HWGB 0.88+0.035 
 SAPNRG 0.125+0.005 
 AT 0.195+0.01 
 MTRONIC-WA 0.09+0.015 
 KNM 0.23+0.02 
 PHB 0.030.00 
 INIX 0.33+0.065 
 EAH 0.03-0.005 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!