AmInvest Research Reports
Socks on Radar - Mynews Holdings (5275)
AmInvest
Publish date: Mon, 08 Jul 2019, 09:15 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)
Mynews Holdings surged past the resistance level of RM1.43 in the latest session. With the momentum indicator RSI above 65%, the bullish momentum may continue and move towards a target price of RM1.56 followed by RM1.66. If it dips below RM1.43, it will move sideways for consolidation. The immediate support is anticipated at RM1.33, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy on continuation above RM1.43
Target: RM1.56, RM1.66 (time frame: 3-6 weeks)
Exit: RM1.33
Source: AmInvest Research - 8 Jul 2019
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