AmInvest Research Reports

Stocks on Radar - Tune Protect (5230)

AmInvest
Publish date: Mon, 08 Apr 2019, 09:43 AM
AmInvest
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Tune Protect has been range-bound during recent sessions. With the momentum indicator RSI crossing above 50%, there is a possibility it will break above the RM0.695 resistance level, and move towards a target price of RM0.73. Meanwhile, the immediate support is anticipated at RM0.655, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM0.695

Target: RM0.73 (time frame: 3-6 weeks)

Exit: RM0.655

Source: AmInvest Research - 8 Apr 2019

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