AmInvest Research Reports
Stocks on Radar - Tune Protect (5230)
AmInvest
Publish date: Fri, 29 Nov 2019, 10:02 AM
AmInvest
0 9,388
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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)
Tune Protect has been sold down during recent sessions with high trading volume. With the momentum indicator RSI drifting lower, there could be a technical rebound above the resistance price of RM0.56, and move towards the target prices of RM0.58 and RM0.60. The immediate support is anticipated at RM0.535, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy upon breakout above RM0.56
Target: RM0.58, RM0.60 (time frame: 3-6 weeks)
Exit: RM0.535
Source: AmInvest Research - 29 Nov 2019
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