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AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 24 Jun 2021, 9:46 AM

 

Stocks on Radar - Kawan Food (7216)

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Kawan Food jumped and tested the RM2.05 resistance level. With its RSI indicator pointing upwards, coupled with a higher high 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 RM2.19 and RM2.28. The downside support is projected at RM1.89. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.05

Target: RM2.19, RM2.28 (time frame: 2-4 weeks)

Exit: RM1.89

Source: AmInvest Research - 12 Jan 2021

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Labels: KAWAN

Related Stocks

Chart Stock Name Last Change Volume 
KAWAN 1.96 -0.03 (1.51%) 153,000 

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