AmInvest Research Reports

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


Stocks on Radar - Mega First Corporation (3069)

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Mega First Corporation gapped up and traded above the RM3.90 resistance level. With an RSI level above 60%, it may continue to climb towards the short-term target price of RM4.05 followed by RM4.20. If it dips below RM3.90, expect it to move sideways. Support is then anticipated at RM3.80, whereby traders may exit on a breach to avoid the risk of a further. Trading Call: Buy on continuation above RM3.90

Target: RM4.05, RM4.20 (time frame: 3-6 weeks)

Exit: RM3.80

Source: AmInvest Research - 23 Sept 2019

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Labels: MFCB

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MFCB 4.39 -0.05 (1.13%) 575,300 

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