AmInvest Research Reports
Stock on Radar - Wegmans Holdings (0197)
AmInvest
Publish date: Wed, 26 Jun 2019, 09:25 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)
Wegmans Holdings has been consolidating in a range during the last few sessions, with an immediate resistance level of RM0.335. With a rising RSI above 60%, it may break RM0.335 and move towards RM0.355 followed by RM0.38. In this case, downside support is anticipated at RM0.31, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.335
Target: RM0.355, RM0.38 (time frame: 3-6 weeks)
Exit: RM0.31
Source: AmInvest Research - 26 Jun 2019
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