AmInvest Research Reports

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


Stocks on Radar - Lee Swee Kiat Group (8079)

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Lee Swee Kiat Group has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With an RSI above 50%, there is a possibility it will break above the resistance price of RM0.69, and move towards a target price of RM0.75 followed by RM0.80. Meanwhile, the immediate support is anticipated at RM0.62, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM0.69
Target: RM0.75, RM0.80 (time frame: 3-6 weeks)
Exit: RM0.62

Source: AmInvest Research - 12 Nov 2019

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Labels: LEESK

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