AmInvest Research Reports
Stocks on Radar - Master-Pack Group (7029)
AmInvest
Publish date: Mon, 17 Feb 2020, 09:30 AM
AmInvest
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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)
Master-Pack Group was testing the RM2.84 resistance price in its latest session. With the momentum indicator RSI above 60%, it could break above RM2.84, and move towards the target prices of RM3.10 and RM3.25. The immediate support is anticipated at RM2.66, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy near RM2.84
Target: RM3.10, RM3.25 (time frame: 3-6 weeks)
Exit: RM2.66
Source: AmInvest Research - 17 Feb 2020
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