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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 26 Feb 2021, 5:13 PM

 

Stocks on Radar - Khind Holdings (7062)

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Khind Holdings jumped and tested the RM3.09 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM3.28 and RM3.51. The downside support is projected at RM2.75. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.09

Target: RM3.28, RM3.51 (time frame: 2-4 weeks)

Exit: RM2.75

Source: AmInvest Research - 20 Jan 2021

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Labels: KHIND

Related Stocks

Chart Stock Name Last Change Volume 
KHIND 3.53 -0.20 (5.36%) 254,300 

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