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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 13 Dec 2019, 9:23 AM

 

Stocks on Radar - Chin Hin Group (5273)

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Chin Hin Group may soon test the RM0.835 resistance level. With a healthy RSI level, a bullish bias may be present above this mark with target prices of RM0.87 and RM0.90. Meanwhile, it may continue moving sideways if it fails to cross the RM0.835 mark in the near term. In this case, the immediate support is anticipated at RM0.80, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.835
Target: RM0.87, RM0.90 (time frame: 3-6 weeks)
Exit: RM0.80

Source: AmInvest Research - 12 Nov 2019

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Labels: CHINHIN

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CHINHIN 0.74 +0.005 (0.68%) 418,800 

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