AmInvest Research Reports
Stocks on Radar - Hume Industries (5000)
AmInvest
Publish date: Thu, 01 Aug 2019, 08:42 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)
Hume Industries crossed the RM1.17 resistance level in its latest session after trending sideways for the past month. With a rising RSI, it may continue towards a target price of RM1.28, followed by RM1.39. Meanwhile, it may turn sideways if it falls back below the RM1.17 mark in the near term. In this case, the immediate support is anticipated at RM1.06, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon further rebound above RM1.17
Target: RM1.28, RM1.39 (time frame: 3-6 weeks)
Exit: RM1.06
Source: AmInvest Research - 1 Aug 2019
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