AmInvest Research Reports
Stocks on Radar - P.I.E. Industrial (7095)
AmInvest
Publish date: Fri, 20 Dec 2019, 08:46 AM
AmInvest
0 9,391
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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)
P.I.E. Industrial has pulled-back after failing to break above the resistance price of RM1.46. With a neutral RSI, uptrend momentum may resume if it breaks above the resistance price of RM1.46 in upcoming sessions. If this happens, its short-term target price will be RM1.53 followed by RM1.60. Support price is anticipated at RM1.39, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.46
Target: RM1.53, RM1.60 (time frame: 3-6 weeks)
Exit: RM1.39
Source: AmInvest Research - 20 Dec 2019
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