AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 12 Dec 2019, 9:27 AM


Stocks on Radar - P.I.E. Industrial (7095)

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P.I.E. Industrial has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With an RSI above 60%, it could break the RM1.44 resistance, and move towards the target prices of RM1.52 and RM1.57. Support is anticipated at RM1.33, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM1.44
Target: RM1.52, RM1.57 (time frame: 3-6 weeks)
Exit: RM1.33

Source: AmInvest Research - 15 Nov 2019

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Labels: PIE

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