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Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Thu, 23 Jan 2020, 9:15 AM

 

Stocks on Radar - Westports Holdings (5246)

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Westports Holdings shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM4.40. If this happens, its short-term target price will be RM4.62 followed by RM4.82. If it closes below RM4.40, expect a sideway movement. The support price is anticipated at RM4.20, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM4.40
Target: RM4.62, RM4.82 (time frame: 3-6 weeks)
Exit: RM4.20

Source: Kenanga Research - 14 Nov 2019

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Labels: WPRTS

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