AmInvest Research Reports
Stocks on Radar - Homeritz (5160)
AmInvest
Publish date: Thu, 09 Jan 2020, 09:43 AM
AmInvest
0 9,057
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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)
Homeritz Corporation retreated after failing to break above the resistance price of RM0.69. As the RSI indicator is showing a bullish momentum intact, it may continue to climb above RM0.69 and move towards short-term target price of RM0.74, followed by RM0.77. In this case, support is anticipated at RM0.66, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy on continuation above RM0.69
Target: RM0.74, RM0.77 (time frame: 3-6 weeks) Exit: RM0.66
Source: AmInvest Research - 9 Jan 2020
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