AmInvest Research Reports

Stocks on Radar - Greatec Technology (0208)

AmInvest
Publish date: Mon, 11 Nov 2019, 08:57 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)

Greatec Technology leapt above the resistance price of RM2.02 in the latest session. With the momentum indicator RSI above 70%, it may continue to move towards the near-term target prices of RM2.17 and RM2.31. Meanwhile, it may move sideways if it falls back below the RM2.02 mark in the near term. The support price is anticipated at RM1.88, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM2.02
Target: RM2.17, RM2.31 (time frame: 3-6 weeks)
Exit: RM1.88

Source: AmInvest Research - 11 Nov 2019

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

Post a Comment