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AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 22 Oct 2020, 9:26 AM

 

Stocks On Radar - Parlo (0022)

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Parlo surged and tested the RM0.535 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, 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 RM0.56 and RM0.585. The downside support is anticipated at RM0.49, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM0.535

Target: RM0.56, RM0.585 (time frame: 2-4 weeks)

Exit: RM0.49

Source: AmInvest Research - 24 Sept 2020

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Labels: PARLO

Related Stocks

Chart Stock Name Last Change Volume 
PARLO 0.515 +0.03 (6.19%) 35,541,500 

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