AmInvest Research Reports
Stocks on Radar - P.I.E. Industrial (7095)
AmInvest
Publish date: Tue, 01 Oct 2019, 09:31 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)
P.I.E industrial broke past the resistance price of RM1.22 in the latest session. With the momentum indicator RSI above 60%, it may climb towards the target price of RM1.29 followed by
RM1.34. If it dips below RM1.22, expect a sideway consolidation. Support is then anticipated at RM1.17, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on continuation above RM1.22
Target: RM1.29, RM1.34 (time frame: 3-6 weeks)
Exit: RM1.17
Source: AmInvest Research - 1 Oct 2019
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