AmInvest Research Reports

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


Stocks on Radar - Success Transformer Corporation (7207)

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Success Transformer Corporation retreated after failing to break above the resistance price of RM1.03. With an RSI level above 60%, the uptrend momentum may resume if it breaks the resistance price of RM1.03 in upcoming sessions. If this happens, its short-term target price will be RM1.07 followed by RM1.13. Support is anticipated at RM0.96, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.03

Target: RM1.07, RM1.13 (time frame: 3-6 weeks)

Exit: RM0.96

Source: AmInvest Research - 23 Sept 2019

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Chart Stock Name Last Change Volume 
SUCCESS 0.985 -0.01 (1.01%) 1,027,300 

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