AmInvest Research Reports

Stocks on Radar - Pinehill Pacific (1902)

AmInvest
Publish date: Thu, 26 Dec 2019, 10:04 AM
AmInvest
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Pinehill Pacific shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM0.51. If this happens, its short-term target price will be RM0.55 followed by RM0.60. If it fails to close above RM0.51, expect a sideway movement. Support price is anticipated at RM0.47, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above
RM0.51
Target: RM0.55, RM0.60 (time frame: 3-6 weeks)
Exit:
RM0.47

Source: AmInvest Research - 26 Dec 2019

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