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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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)
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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