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AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 20 Jan 2021, 9:28 AM

 

Stocks on Radar - PNE PCB (6637)

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PNE PCB surged and tested the RM1.34 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.39 and RM1.42. The downside support is projected at RM1.26. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.34

Target: RM1.39, RM1.42 (time frame: 2-4 weeks)

Exit: RM1.26

Source: AmInvest Research - 20 Nov 2020

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Labels: PNEPCB

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Chart Stock Name Last Change Volume 
PNEPCB 0.33 -0.01 (2.94%) 70,898,400 

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