AmInvest Research Reports
Stocks on Radar - Pharmaniaga (7081)
AmInvest
Publish date: Wed, 29 Jan 2020, 09:40 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)
Pharmaniaga shot up and tested the RM2.20 resistance level in its lastest session. With an RSI level above 60%, it may continue to climb above RM2.20. If this happens, its short-term target price will be RM2.35 followed by RM2.50. Support is anticipated at RM2.07, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM2.20
Target: RM2.35, RM2.50 (time frame: 3-6 weeks) Exit: RM2.07
Source: AmInvest Research - 29 Jan 2020
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