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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 15 Nov 2019, 9:03 AM

 

Stocks on Radar - Pos Malaysia (4634)

Author:   |    Publish date:


Pos Malaysia has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 60%, it may break the RM1.73 immediate resistance, with a short-term target price of RM1.83 followed by RM1.92. On the downside risk, support is anticipated at RM1.64 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.73
Target: RM1.83, RM1.92 (time frame: 3-6 weeks)
Exit:

Source: AmInvest Research - 4 Oct 2019

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Labels: POS

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Chart Stock Name Last Change Volume 
POS 1.44 0.00 (0.00%) 41,000 

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