AmInvest Research Reports

Stocks on Radar - Johore Tin (7167)

AmInvest
Publish date: Wed, 12 Feb 2020, 08:47 AM
AmInvest
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Johore Tin shot up and formed a long white candle in its lastest session. With an RSI level above 50%, it may continue to climb above the resistance price of RM1.76. If this happens, its shortterm target price will be RM1.88 followed by RM1.93. If it closes below RM1.76, expect a sideway movement. Support is anticipated at RM1.65, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on pullback near RM1.76
Target: RM1.88, RM1.93 (time frame: 3-6 weeks)
Exit: RM1.65

Source: AmInvest Research - 12 Feb 2020

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