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AmInvest Research Reports

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

 

Stocks On Radar - Engtex Group (5056)

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Engtex Group surged and touched the RM0.61 resistance level. With its RSI indicator in an uptrend, coupled with a higher trading volume, there is a good chance it will experience a technical breakout and head towards the short-term target price of RM0.64, followed by RM0.67. The downside support is marked at RM0.55. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.61

Target: RM0.64, RM0.67 (time frame: 2-4 weeks)

Exit: RM0.55

Source: AmInvest Research - 22 Jan 2021

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Labels: ENGTEX

Related Stocks

Chart Stock Name Last Change Volume 
ENGTEX 0.685 -0.055 (7.43%) 11,131,500 

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