AmInvest Research Reports

Stocks on Radar - P.I.E. Industrial (7095)

AmInvest
Publish date: Fri, 15 Nov 2019, 08:53 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)

P.I.E. Industrial has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With an RSI above 60%, it could break the RM1.44 resistance, and move towards the target prices of RM1.52 and RM1.57. Support is anticipated at RM1.33, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM1.44
Target: RM1.52, RM1.57 (time frame: 3-6 weeks)
Exit: RM1.33

Source: AmInvest Research - 15 Nov 2019

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

Post a Comment