AmInvest Research Reports
Stocks-on-Radar - Gunung Capital (7676)
AmInvest
Publish date: Tue, 28 Jan 2020, 03:17 PM
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)
Gunung Capital (7676)
Gunung Capital has rebounded from low to test the immediate resistance level RM0.575. With rising RSI, a bullish bias may be present above this mark with a target price of RM0.615 and RM0.635. In this case, the immediate support is anticipated at RM0.52, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM0.575
Target: RM0.615, RM0.635 (time frame: 3-6 weeks) Exit: RM0.52
Source: AmInvest Research - 28 Jan 2020
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