AmInvest Research Reports

Stocks on Radar - IHH Healthcare (5225)

AmInvest
Publish date: Thu, 20 Jun 2019, 09:00 AM
AmInvest
0 9,057
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

IHH Healthcare has been consolidating during the last few sessions, with an immediate resistance level of RM5.70. With an RSI above 50%, it may break RM5.70 and move towards short term target prices of RM5.95 and RM6.20. Meanwhile, it may lose its bullish momentum if it fails to break the resistance level in near term. Support is anticipated at RM5.45, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM5.70

Target: RM5.95, RM6.20 (time frame: 3-6 weeks)

Exit: RM5.45

Source: AmInvest Research - 20 Jun 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment