AmInvest Research Reports
Stocks on Radar - Unimech Group (7091)
AmInvest
Publish date: Tue, 14 Jan 2020, 09:19 AM
AmInvest
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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)
Unimech Group may soon test the RM1.32 resistance level. With a rising RSI, it may break the resistance level and climb towards the short-term target prices of RM1.37 and RM1.45. Meanwhile, it may continue moving sideways if it fails to cross the RM1.32 mark in the near term. In this case, the downside support is anticipated at RM1.25, whereby traders may exit on a breach to avoid the risk of a further correction Trading Call: Buy upon breakout above RM1.32
Target: RM1.37, RM1.45 (time frame: 3-6 weeks) Exit: RM1.25
Source: AmInvest Research - 14 Jan 2020
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