AmInvest Research Reports
Stocks on Radar - Gunung Capital (7676)
AmInvest
Publish date: Fri, 10 Jan 2020, 09:41 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)
Gunung Capital has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 70%, there is a possibility it will break above the resistance price of RM0.54, and move towards the target prices of RM0.585 and RM0.605. The immediate support is anticipated at RM0.50, whereby traders may exit on a breach to avoid the risk of a further consolidation. Trading Call: Buy upon breakout above RM0.54
Target: RM0.585, RM0.605 (time frame: 3-6 weeks) Exit: RM0.50
Source: AmInvest Research - 10 Jan 2020
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