AmInvest Research Reports

Stocks on Radar - E.A. Technique (M) (5259)

AmInvest
Publish date: Tue, 09 Jul 2019, 09:01 AM
AmInvest
0 9,391
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E.A. Technique (M) has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM0.45, and move towards a target price of RM0.48 followed by RM0.51. The immediate support is anticipated at RM0.42, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM0.45

Target: RM0.48, RM0.51 (time frame: 3-6 weeks)

Exit: RM0.42

Source: AmInvest Research - 9 Jul 2019

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