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AmInvest Research Reports

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

 

Stocks On Radar - Powerwell Holdings (0217)

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Powerwell Holdings is moving sideways and testing the RM0.255 resistance level. With its RSI indicator pointing upwards, 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 RM0.27 and RM0.285. The downside support is anticipated at RM0.24, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.255

Target: RM0.27, RM0.285 (time frame: 2-4 weeks)

Exit: RM0.24

Source: AmInvest Research - 30 Sept 2020

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Labels: PWRWELL

Related Stocks

Chart Stock Name Last Change Volume 
PWRWELL 0.265 0.00 (0.00%) 7,576,700 

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