AmInvest Research Reports

Stocks on Radar - N2N Connect (0108)

AmInvest
Publish date: Wed, 24 Jul 2019, 09:28 AM
AmInvest
0 9,057
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

N2N Connect has been testing the RM0.83 resistance level for the past few sessions. With the RSI level above 60%, it may move above the level towards target prices of RM0.88 and RM0.94. Meanwhile, it may continue to trend sidewas if it fails to cross the RM0.83 level in the near term. In this case, support is anticipated at RM0.775, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.83

Target: RM0.88, RM0.94 (time frame: 3-6 weeks)

Exit: RM0.775

Source: AmInvest Research - 24 Jul 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment