AmInvest Research Reports
Stocks on Radar - Boilermech Holdings (0168)
AmInvest
Publish date: Tue, 26 Nov 2019, 08:58 AM
AmInvest
0 9,057
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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)
Boilermech Holdings retreated after failing to break above the resistance price of RM0.625. With a neutral RSI, the uptrend momentum may resume if it breaks above the resistance price of RM0.625 in upcoming sessions. If this happens, its short-term target price will be RM0.655 followed by RM0.68. Support is anticipated at RM0.595, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.625
Target: RM0.655, RM0.68 (time frame: 3-6 weeks)
Exit: RM0.595
Source: AmInvest Research - 26 Nov 2019
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