AmInvest Research Reports

Stocks on Radar - Chemical Company of Malaysia (2879)

AmInvest
Publish date: Fri, 21 Jun 2019, 09:25 AM
AmInvest
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Chemical Company of Malaysia leapt above the resistance price of RM2.07 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the near-term target price of RM2.20. If it dips below RM2.07, it will move sideways and consolidate. On the downside, support price is anticipated at RM2.00, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.07

Target: RM2.20 (time frame: 3-6 weeks)

Exit: RM2.00

Source: AmInvest Research - 21 Jun 2019

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