AmInvest Research Reports

Stocks on Radar - Mah Sing Group (8583)

AmInvest
Publish date: Fri, 29 Nov 2019, 10:04 AM
AmInvest
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Mah Sing Group dropped lower and may soon experience a technical rebound to test the RM0.705 resistance level. If it can close above RM0.705, a bullish momentum may begin and push the stock towarrds the short-term target prices of RM0.735 and RM0.765. Support is anticipated at RM0.675, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM0.705
Target: RM0.735, RM0.765 (time frame: 3-6 weeks)
Exit: RM0.675

Source: AmInvest Research - 29 Nov 2019

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