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AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 8 Mar 2021, 10:48 AM

 

Stocks On Radar - P.I.E. Industrial (7095)

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P.I.E. Industrial retraced its path and touched the RM3.23 resistance level. With its 21-day moving average still in an uptrend, coupled with a higher low candle stick pattern, there is a good chance it will experience a technical rebound and head towards the short-term target price of RM3.39, followed by RM3.56. The downside support is marked at RM2.90. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM3.23

Target: RM3.39, RM3.56 (time frame: 2-4 weeks)

Exit: RM2.90

Source: AmInvest Research - 21 Jan 2021

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Labels: PIE

Related Stocks

Chart Stock Name Last Change Volume 
PIE 3.23 -0.16 (4.72%) 3,236,400 

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