AmInvest Research Reports
Stocks on Radar - MNRB Holdings (6459)
AmInvest
Publish date: Tue, 11 Jun 2019, 09:10 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)
MNRB Holdings leapt above the resistance price of RM1.05 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the near-term target price of RM1.12 followed by RM1.18. If it dips below RM1.05, it will continue to move sideways and consolidates 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 RM1.05
Target: RM1.12, RM1.18 (time frame: 3-6 weeks)
Exit: RM0.99
Source: AmInvest Research - 11 Jun 2019
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