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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 6 Dec 2019, 5:27 PM

 

Stocks on Radar - Media Prima (4502)

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Media Prima was testing the RM0.40 resistance level in its latest session. With a moderate RSI level, it may cross this level with a target price of RM0.43, followed by RM0.46. Meanwhile, it may continue trending sideways if it fails to breach the RM0.40 mark in the near term. In this case, the support level is anticipated at RM0.37 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on technical rebound above RM0.40

Target: RM0.43, RM0.46 (time frame: 3-6 weeks)

Exit: RM0.37

Source: AmInvest Research - 19 Jun 2019

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Labels: MEDIA

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Chart Stock Name Last Change Volume 
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