AmInvest Research Reports

Stocks on Radar - ATA IMS (8176)

AmInvest
Publish date: Tue, 21 Jan 2020, 09:44 AM
AmInvest
0 9,388
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)

ATA IMS has rebounded from its low to test the immediate resistance level of RM1.80. Higher trading volume was recorded in the latest session. With a rising RSI, a bullish bias may be present above this mark with the target prices of RM1.85 and RM1.90. In this case, the immediate support is anticipated at RM1.75, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.80

Target: RM1.85, RM1.90 (time frame: 3-6 weeks)

Exit: RM1.75

Source: AmInvest Research - 21 Jan 2020

Related Stocks
Discussions
1 person likes this. Showing 0 of 0 comments

Post a Comment