AmInvest Research Reports
Stocks on Radar - MMC Corporation (2194)
AmInvest
Publish date: Mon, 15 Apr 2019, 11:37 AM
AmInvest
0 9,057
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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 has been range-bound consolidating during recent sessions. As the momentum indicator RSI has moved higher above 60%, there is a possibilibity it will break the immediate resistance of RM1.12, with a target price of RM1.25 followed by RM1.38. On the downside, support price is anticipated at RM0.99 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.12
Target: RM1.25, RM1.38 (time frame: 3-6 weeks)
Exit: RM0.99
Source: AmInvest Research - 15 Apr 2019
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