Highlights

AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 21 Aug 2019, 9:35 AM

 

Stocks on Radar - ELK-Desa Resources (5228)

Author:   |    Publish date:


ELK-Desa Resources surged past the resistance price RM1.68 in its latest session and set on a parabolic move upwards. With the RSI above 70%, the bullish momentum could reach the next target price of RM1.77, followed by RM1.85. If it dips below RM1.68, it may move sideways and then consolidates. Support price is anticipated at RM1.60 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.68

Target: RM1.77, RM1.85 (time frame: 3-6 weeks)

Exit: RM1.60

Source: AmInvest Research - 22 Jul 2019

Share this
Labels: ELKDESA

Related Stocks

Chart Stock Name Last Change Volume 
ELKDESA 1.65 -0.01 (0.60%) 244,600 

  Be the first to like this.
 


 

341  314  515  783 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 LAMBO 0.055-0.005 
 VSOLAR 0.150.00 
 HSI-H6P 0.16-0.005 
 MERIDIAN 0.09-0.025 
 SUMATEC 0.0250.00 
 DSONIC 0.895+0.005 
 KHEESAN 0.26+0.06 
 KNM 0.3750.00 
 BJLAND 0.225+0.015 
 HSI-H8E 0.42-0.015 
Partners & Brokers