AmInvest Research Reports

Stocks on Radar - Mtag Group (0213)

AmInvest
Publish date: Fri, 27 Dec 2019, 09:10 AM
AmInvest
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Mtag Group has been range-bound during recent sessions. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM0.56, and move towards the target price of RM0.59 and RM0.61. The immediate support is anticipated at RM0.525, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above
RM0.56
Target: RM0.59, RM0.61 (time frame: 3-6 weeks)
Exit:
RM0.525

Source: AmInvest Research - 27 Dec 2019

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