AmInvest Research Reports
Stocks on Radar - Kronologi Asia (0176)
AmInvest
Publish date: Fri, 09 Aug 2019, 08:42 AM
AmInvest
0 9,391
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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)
Kronologi Asia has rebounded from its low to test the immediate resistance level of RM0.595. With a rising RSI, a bullish bias may be present above this mark with target prices of RM0.625 and RM0.65. Meanwhile, it may continue moving sideways if it fails to cross the RM0.595 mark in the near term. In this case, the immediate support is anticipated at RM0.57, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.595
Target: RM0.625, RM0.65 (time frame: 3-6 weeks) .
Exit: RM0.57
Source: AmInvest Research - 9 Aug 2019
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