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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 13 Dec 2019, 9:23 AM

 

Stocks on Radar - Serba Dinamik (5279)

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Malaysia Building Society was testing the resistance price RM1.02 during recent sessions. With the momentum indicator RSI above 50%, the bullish momentum may surge past the resistance and move towards a target price of RM1.10 followed by RM1.18. Meanwhile, the immediate support is anticipated at RM0.94, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM1.02

Target: RM1.10, RM1.18 (time frame: 3-6 weeks)

Exit: RM0.94

Source: AmInvest Research - 15 Apr 2019

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Labels: SERBADK

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