AmInvest Research Reports
Stock on Radar - Poh Kong Holdings (5080)
AmInvest
Publish date: Fri, 31 Jan 2020, 09:06 AM
AmInvest
0 9,057
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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)
Poh Kong Holdings surged past the resistance price of RM0.60 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, it may further propel towards the target prices of RM0.665 and RM0.70. The immediate support is anticipated at RM0.555, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy on continuation above RM0.60
Target: RM0.665, RM0.70 (time frame: 3-6 weeks)
Exit: RM0.555
Source: AmInvest Research - 31 Jan 2020
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