AmInvest Research Reports

Stocks on Radar - Carimin Petroleum (5257)

AmInvest
Publish date: Thu, 12 Sep 2019, 09:30 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)

Carimin Petroleum has been trending higher during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 60%, there is a possibility it will break above the resistance price of RM0.97, and move towards target prices of RM1.01 and RM1.05. The immediate support is anticipated at RM0.93, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM0.97

Target: RM1.01, RM1.05 (time frame: 3-6 weeks)

Exit: RM0.93

Source: AmInvest Research - 12 Sept 2019

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

Post a Comment