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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 27 Nov 2020, 10:59 AM

 

Stocks On Radar - MKH (6114)

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MKH is poised to test the RM1.34 resistance level. With its RSI indicator pointing upwards, coupled with a higher high candle stick pattern, we see that there is a possibility it will experience a technical breakout. If this happens, expect it to travel towards the short-term target prices of RM1.39 and RM1.44. The downside support is anticipated at RM1.24, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.34

Target: RM1.39, RM1.44 (time frame: 2-4 weeks)

Exit: RM1.24

Source: AmInvest Research - 21 Sept 2020

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Labels: MKH

Related Stocks

Chart Stock Name Last Change Volume 
MKH 1.47 +0.05 (3.52%) 129,600 

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