AmInvest Research Reports
Stocks on Radar - Poh Huat Resources Holdings (7088)
AmInvest
Publish date: Thu, 26 Dec 2019, 10:06 AM
AmInvest
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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)
Poh Huat Resources Holdings may soon test the RM1.52 resistance level. With a neutral RSI, a bullish bias may be present above this mark with a short-term target price of RM1.57 and RM1.60. Meanwhile, it may continue moving sideways if it fails to cross the RM1.52 mark in the near term. In this case, the downside support is anticipated at RM1.48, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.52
Target: RM1.57, RM1.60 (time frame: 3-6 weeks)
Exit: RM1.48
Source: AmInvest Research - 26 Dec 2019
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