AmInvest Research Reports
Stocks on Radar - Ann Joo Resources (6556)
AmInvest
Publish date: Wed, 03 Apr 2019, 09:45 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)
Ann Joo Resources was testing the RM1.60 resistance level in its latest session. With a moderate RSI level, it may trend higher above this point with a target price of RM1.70, followed by RM1.79. Meanwhile, support is anticipated at RM1.51, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on favourable consolidation above RM1.60
Target: RM1.70, RM1.79 (time frame: 3-6 weeks)
Exit: RM1.51
Source: AmInvest Research - 3 Apr 2019
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