AmInvest Research Reports
Stocks on Radar - Poh Kong Holdings (5080)
AmInvest
Publish date: Mon, 06 Jan 2020, 10:02 AM
AmInvest
0 9,388
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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 Kong Holdings surged past the resistance price of RM0.505 in its latest session with higher trading volume.With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM0.535 and RM0.55. Meanwhile, it may move sideways if it falls below the RM0.505 mark in the near term. The downside support is anticipated at RM0.485, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on continuation above RM0.505
Target: RM0.535, RM0.55 (time frame: 3-6 weeks)
Exit: RM0.485
Source: AmInvest Research - 6 Jan 2020
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