AmInvest Research Reports

Stocks on Radar - Sarawak Consolidated Industries (9237)

AmInvest
Publish date: Thu, 02 Jan 2020, 10:26 AM
AmInvest
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Sarawak Consolidated Industries has rebounded from its low to test the immediate resistance level of RM1.92. With a rising RSI, a bullish bias may be present above this mark with the target prices of RM2.05 and RM2.15. In this case, the immediate support is anticipated at RM1.76, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above
RM1.92
Target: RM2.05, RM2.15 (time frame: 3-6 weeks)
Exit: RM1.76

Source: AmInvest Research - 2 Jan 2020

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