AmInvest Research Reports
Stocks on Radar - Notion VTec (0083)
AmInvest
Publish date: Fri, 26 Jul 2019, 08:49 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)
Notion VTec inched higher recently and tested past the resistance of RM0.565 in its latest session. With the RSI above 50%, the bullish momentum could reach its next target price of RM0.605, followed by RM0.62. If it fails to go above RM0.565, it may move sideways and then consolidate. Support price is anticipated at RM0.52 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.565
Target: RM0.605, RM0.62 (time frame: 3-6 weeks)
Exit: RM0.52
Source: AmInvest Research - 26 Jul 2019
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