AmInvest Research Reports
Stocks on Radar - London Biscuits (7126)
AmInvest
Publish date: Wed, 19 Jun 2019, 08:45 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)
London Biscuits may soon test the RM0.38 level. With a rising RSI level, its may breach this level and move towards a target price of RM0.405, followed by RM0.44. Meanwhile, it may continue to trend sideways if it fails to move above the RM0.38 mark in the near term. In this case, the support level is anticipated at RM0.35 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.38
Target: RM0.405, RM0.44 (time frame: 3-6 weeks)
Exit: RM0.35
Source: AmInvest Research - 19 Jun 2019
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