AmInvest Research Reports

Stocks on Radar - VSTECS (5162)

AmInvest
Publish date: Fri, 14 Feb 2020, 09:03 AM
AmInvest
0 9,057
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

VSTECS leapt above the RM1.35 resistance level during its recent session. With the momentum indicator RSI above 50%, there is a possibility the momentum may continue towards the target prices of RM1.50 and RM1.62. The immediate support is anticipated at RM1.28, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy on breakout RM1.35
Target: RM1.50, RM1.62 (time frame: 3-6 weeks)
Exit: RM1.28

Source: AmInvest Research - 14 Feb 2020

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment