AmInvest Research Reports

Stocks on Radar - Sarawak Plantation (5135)

AmInvest
Publish date: Tue, 11 Feb 2020, 09:08 AM
AmInvest
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Sarawak Plantation has rebounded from its low to test the immediate resistance level of RM1.78. With a rising RSI, there is a possibility it will break above RM1.78, and move towards the target prices of RM1.86 and RM1.90. The immediate support is anticipated at RM1.68, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy near RM1.78
Target: RM1.86, RM1.90 (time frame: 3-6 weeks)
Exit: RM1.68

Source: AmInvest Research - 11 Feb 2020

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