Highlights

AmInvest Research Reports

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

 

Stocks on Radar - Boilermech Holdings (0168)

Author:   |    Publish date:


Boilermech Holdings has rebounded from its low to test the immediate resistance level of RM0.635. With an RSI above 60%, a bullish bias may be present above this mark with target prices of RM0.67 and RM0.70. Meanwhile, it may continue moving sideways if it fails to cross the RM0.635 mark in the near term. The downside support is anticipated at RM0.59, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.635

Target: RM0.67, RM0.70 (time frame: 3-6 weeks)

Exit: RM0.59

Source: AmInvest Research - 10 Oct 2019

Share this
Labels: BOILERM

Related Stocks

Chart Stock Name Last Change Volume 
BOILERM 0.64 -0.01 (1.54%) 333,900 

  Be the first to like this.
 


 

311  287  592  1106 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.295+0.005 
 ARMADA 0.515+0.025 
 PWORTH 0.0450.00 
 MLAB 0.065+0.02 
 DGB 0.1650.00 
 HSI-H8F 0.41+0.015 
 HSI-C7K 0.33-0.01 
 VELESTO 0.39+0.01 
 IFCAMSC 0.54+0.01 
 ISTONE 0.205-0.02 
Partners & Brokers