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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 18 Jun 2021, 9:53 AM

 

Stocks on Radar - Media Prima (4502)

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Media Prima consolidated and tested the RM0.60 resistance level. With its RSI indicator in an uptrend, coupled with sustainable 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 RM0.635 and RM0.665. The downside support is projected at RM0.535. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.60

Target: RM0.635, RM0.665 (time frame: 2-4 weeks)

Exit: RM0.535

Source: AmInvest Research - 12 May 2021

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Labels: MEDIA

Related Stocks

Chart Stock Name Last Change Volume 
MEDIA 0.45 +0.005 (1.12%) 2,053,500 

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