AmInvest Research Reports
Stocks on Radar - Ho Hup Construction Company (5169)
AmInvest
Publish date: Thu, 31 Oct 2019, 09:20 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)
Ho Hup Construction Company was testing the RM0.53 level during its intraday high. With an RSI level above 60%, it may move higher above this mark with a target price of RM0.565, followed by RM0.60. Meanwhile, it may drift sideways if it fails to cross the RM0.53 mark in the near term. In this case, support is anticipated at RM0.495, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy upon breakout above RM0.53
Target: RM0.565, RM0.60 (time frame: 3-6 weeks) |
Exit: RM0.495
Source: AmInvest Research - 31 Oct 2019
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