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AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 17 Jul 2019, 9:44 AM

 

Stocks on Radar - London Biscuits (7126)

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London Biscuits may soon test the RM0.38 level. With a rising RSI level, its may breach this level and move towards a target price of RM0.405, followed by RM0.44. Meanwhile, it may continue to trend sideways if it fails to move above the RM0.38 mark in the near term. In this case, the support level is anticipated at RM0.35 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.38

Target: RM0.405, RM0.44 (time frame: 3-6 weeks)

Exit: RM0.35

Source: AmInvest Research - 19 Jun 2019

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Labels: LONBISC

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