AmInvest Research Reports

Stocks on Radar - Malayan Cement (3794)

AmInvest
Publish date: Thu, 02 Jan 2020, 10:32 AM
AmInvest
0 9,391
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)


Malayan Cement has been range-bound during recent sessions. Higher trading volume was recorded in the recent session. With the momentum indicator RSI rising, there is a possibility it will break above the resistance price of RM3.00, and move towards the target prices of RM3.15 and RM3.28. The immediate support is anticipated at RM2.85, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above
RM3.00
Target: RM3.15, RM3.28 (time frame: 3-6 weeks)
Exit: RM2.85

Source: AmInvest Research - 2 Jan 2020

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment