AmInvest Research Reports
Stocks on Radar - Formosa Prosonic Industries (9172)
AmInvest
Publish date: Thu, 13 Feb 2020, 09:14 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)
Formosa Prosonic Industries broke past the resistance level of RM1.64 with higher trading volume. With the momentum indicator RSI above 50%, the momentum may continue to climb towards the target prices of RM1.74 and RM1.80. The immediate support is anticipated at RM1.58, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy on continuation near RM1.64
Target: RM1.74, RM1.80 (time frame: 3-6 weeks)
Exit: RM1.58
Source: AmInvest Research - 13 Feb 2020
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