AmInvest Research Reports
Stocks on Radar - MMC Corporation (2194)
AmInvest
Publish date: Mon, 16 Dec 2019, 08:46 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)
MMC Corporation has been consolidating sideways during the last few sessions, with an immediate resistance price of RM1.02. With an RSI above 50%, it may break the resistance level. If this happens, the short-term target prices will be RM1.08 and
RM1.13. It may move sideways if it fails to break RM1.02 in the near term. Support is anticipated at RM0.965, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.02
Target: RM1.08, RM1.13 (time frame: 3-6 weeks)
Exit: RM0.965
Source: AmInvest Research - 16 Dec 2019
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