AmInvest Research Reports

Stocks on Radar - WCE Holdings (3565)

AmInvest
Publish date: Fri, 24 Jan 2020, 03:38 PM
AmInvest
0 9,057
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)

WCE Holdings has been consolidating sideways, with an immediate resistance price of RM0.385. With an RSI above 50%, it may break the resistance level and moves towards short-term target price RM0.415 and RM0.43. Meanwhile, it may lose its bullish momentum if it fails to break the resistance soon. The support is anticipated at RM0.355, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.385

Target: RM0.415, RM0.43 (time frame: 3-6 weeks)

Exit: RM0.355

Source: AmInvest Research - 24 Jan 2020

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment