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AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 23 Oct 2019, 9:21 AM

 

Stocks on Radar - Homeritz Corporation (5160)

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Homeritz Corporation rebounded to test the RM0.66 immediate resistance level. With a rising RSI, a bullish bias may be present above this mark with target prices of RM0.70 and RM0.74. The support price is expected at RM0.60, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.66

Target: RM0.70, RM0.74 (time frame: 3-6 weeks)

Exit: RM0.60

Source: AmInvest Research - 20 Sept 2019

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Labels: HOMERIZ

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