AmInvest Research Reports

Stocks on Radar - MISC (3816)

AmInvest
Publish date: Thu, 26 Dec 2019, 09:50 AM
AmInvest
0 9,057
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MISC has been consolidating sideways during the last few sessions, with an immediate resistance price of RM8.65. With a moderate RSI, it may break the resistance level in upcoming session. If this happens, the short-term target price will be RM9.00, followed by RM9.35. The support level is anticipated at RM8.30, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above
RM8.65
Target: RM9.00, RM9.35 (time frame: 3-6 weeks)
Exit:
RM8.30

Source: AmInvest Research - 26 Dec 2019

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