AmInvest Research Reports

Socks on Radar - KPJ Healthcare (5878)

AmInvest
Publish date: Mon, 08 Jul 2019, 09:17 AM
AmInvest
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KPJ Healthcare has been consolidating sideways during the last few sessions, with an immediate resistance level of RM0.96. With a rising RSI, it may break the resistance level. If this happens, the short-term target price will be RM1.02 followed by RM1.06. In this case, support is anticipated at RM0.92, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.96

Target: RM1.02, RM1.06 (time frame: 3-6 weeks)

Exit: RM0.92

Source: AmInvest Research - 8 Jul 2019

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