AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 23 Jul 2019, 9:04 AM


Stocks on Radar - Press Metal Aluminium (8869)

Author:   |    Publish date:

Press Metal Aluminium was testing the resistance level of RM4.43 in its latest session. With a rising RSI, its uptrend momentum may resume if it breaks above the resistance level in upcoming sessions. If this happens, its short-term target price will be RM4.61 followed by RM4.77. Support level is anticipated at RM4.27, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM4.43

Target: RM4.61, RM4.77 (time frame: 3-6 weeks)

Exit: RM4.27

Source: AmInvest Research - 20 Jun 2019

Share this
Labels: PMETAL

Related Stocks

Chart Stock Name Last Change Volume 
PMETAL 4.45 -0.05 (1.11%) 1,144,000 

  Be the first to like this.


385  274  558  671 

Top 10 Active Counters
 GPACKET-WB 0.1250.00 
 NETX 0.0150.00 
 EFORCE 0.705+0.05 
 ARMADA 0.24+0.01 
 KNM 0.3650.00 
 MYEG 1.68+0.07 
 VSOLAR 0.21-0.02 
 HSI-C5P 0.285+0.015 
 ISTONE 0.2050.00 
 GPACKET 0.525+0.02 
Partners & Brokers