AmInvest Research Reports
Stocks on Radar - Tadmax Resources (4022)
AmInvest
Publish date: Thu, 09 May 2019, 08:55 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)
Tadmax Resources surged past the resistance price RM0.255 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM0.29, followed by RM0.32. If it dips below RM0.255, it will continue to move sideways and consolidates. Support price is anticipated at RM0.225 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.255
Target: RM0.29, RM0.32 (time frame: 2-4 weeks)
Exit: RM0.225
Source: AmInvest Research - 9 May 2019
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