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AmInvest Research Reports

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

 

Stocks on Radar - Saudee Group (5157)

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Saudee Group surged and touched the RM0.43 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance for a technical breakout towards the short-term target price of RM0.455, followed by RM0.48. The downside support is marked at RM0.40. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.43

Target: RM0.455, RM0.48 (time frame: 2-4 weeks)

Exit: RM0.40

Source: AmInvest Research - 23 Oct 2020

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Labels: SAUDEE

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Chart Stock Name Last Change Volume 
SAUDEE 0.53 +0.01 (1.92%) 15,355,400 

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