AmInvest Research Reports

Stocks on Radar - Hengyuan Refining Company (4324)

AmInvest
Publish date: Thu, 26 Dec 2019, 10:01 AM
AmInvest
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Hengyuan Refining Company has rebounded from low to test the immediate resistance level RM4.26. With rising RSI, a bullish bias may be present above this mark with a target price of RM4.42 and RM4.54. In this case, the immediate support is anticipated at RM4.10, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above
RM4.26
Target: RM4.42, RM4.54 (time frame: 3-6 weeks)
Exit:
RM4.10

Source: AmInvest Research - 26 Dec 2019

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