AmInvest Research Reports

Stocks on Radar - UCHI Technologies (7100)

AmInvest
Publish date: Tue, 23 Apr 2019, 09:27 AM
AmInvest
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UCHI Techologies gapped up and tested the resistance level of RM2.87 with higher trading volume in its latest session. With the momentum indicator RSI above 60%, it may break above the resistance, and move towards a target price of RM3.06 and RM3.24. Meanwhile, the immediate support is anticipated at RM2.69, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.87

Target: RM3.06, RM3.24 (time frame: 3–6 weeks)

Exit: RM2.69

Source: AmInvest Research - 23 Apr 2019

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