AmInvest Research Reports

Stocks on Radar - Greatech Technology (0208)

AmInvest
Publish date: Thu, 01 Aug 2019, 08:48 AM
AmInvest
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Greatech Technology may soon test the RM1.05 minor resistance level. With a rising RSI level, there is a possibility it will break above the resistance level and move towards target prices of RM1.14 and RM1.19. If it fails to cross above RM1.05, expect a sideway consolidation movement. Support is anticipated at RM0.97, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.05

Target: RM1.14, RM1.19 (time frame: 3-6 weeks)

Exit: RM0.97

Source: AmInvest Research - 1 Aug 2019

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