AmInvest Research Reports
Stocks on Radar - MMC Corporation (2194)
AmInvest
Publish date: Thu, 17 Jan 2019, 09:00 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
MMC Corporation inched above the RM0.93 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM1.08. Meanwhile, it may continue moving sideways if it dips back below the RM0.93 mark in the near term. In this case, the immediate support is anticipated at RM0.85, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on further rebound above RM0.93
Target: RM1.08 (time frame: 3-6 weeks)
Exit: RM0.85
Source: AmInvest Research - 17 Jan 2019
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4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Joseph
bullish run for mmc?
2019-01-17 10:52