AmInvest Research Reports
Stocks on Radar - Pestech International (5219)
AmInvest
Publish date: Fri, 27 Dec 2019, 09:08 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)
Pestech International has rebounded from low to test the immediate resistance level RM1.37. With rising RSI, a bullish bias may be present above this mark with a target price of RM1.42and RM1.50. In this case, the immediate support is anticipated at RM1.29, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.37
Target: RM1.42, RM1.50 (time frame: 3-6 weeks)
Exit: RM1.29
Source: AmInvest Research - 27 Dec 2019
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