AmInvest Research Reports
Stocks on Radar - Poh Huat Resources Holdings (7088)
AmInvest
Publish date: Thu, 28 Nov 2019, 08:59 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)
Poh Huat Resources Holdings has been range-bound during recent sessions. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM1.53, and move towards a target price of RM1.58. Meanwhile, the immediate support is anticipated at RM1.48, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy upon breakout above RM1.53
Target: RM1.58 (time frame: 3-6 weeks)
Exit: RM1.48
Source: AmInvest Research - 28 Nov 2019
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