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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 22 Oct 2021, 10:12 AM

 

Stocks on Radar - Scientex (4731)

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Scientex pulled back and tested the RM4.57 support level. With its 21-day moving average in an uptrend, coupled with a higher trading volume, we see a possibility for a technical rebound. If this happens, we expect it to move towards the short-term target prices of RM4.72 and RM4.83. The downside support is projected at RM4.40. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM4.57

Target: RM4.72, RM4.83 (time frame: 2-4 weeks)

Exit: RM4.40
 

Source: AmInvest Research - 21 Sept 2021

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Labels: SCIENTX

Related Stocks

Chart Stock Name Last Change Volume 
SCIENTX 4.63 -0.07 (1.49%) 537,900 

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