AmInvest Research Reports
Stocks on Radar - Sino Hua-An International (2739)
AmInvest
Publish date: Fri, 14 Jun 2019, 10:24 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)
Sino Hua-An Internatinal retraced higher in its latest session. With a neutral RSI, the uptrend momentum may resume if it crosses above the immediate resistance level of RM0.20 with higher trading volume. In this case, its short-term target price will be RM0.23 followed by RM0.255. Support is anticipated at its recent low of RM0.175, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon rebound above RM0.20
Target: RM0.23, RM0.255 (time frame: 3-6 weeks)
Exit: RM0.175
Source: AmInvest Research - 14 Jun 2019
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