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AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 12 May 2021, 9:12 AM

 

Stocks on Radar - Karex (5247)

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Karex consolidated and tested the RM0.67 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.70, followed by RM0.71. The downside support is marked at RM0.63. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.67

Target: RM0.70, RM0.71 (time frame: 2-4 weeks)

Exit: RM0.63

Source: AmInvest Research - 16 Apr 2021

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Labels: KAREX

Related Stocks

Chart Stock Name Last Change Volume 
KAREX 0.645 +0.01 (1.57%) 396,000 

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