AmInvest Research Reports
Stocks on Radar - Tomei Consolidated (7230)
AmInvest
Publish date: Wed, 19 Feb 2020, 08:46 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)
Tomei Consolidated was testing the resistance level of RM0.525 in the lastest session. With an RSI level above 60%, it may continue to climb above the resistance price and move towards its short-term target price of RM0.57 followed by RM0.60. If it fails to close above the resistance, expect a sideway movement. Support is anticipated at RM0.47, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on breakout RM0.525
Target: RM0.57, RM0.60 (time frame: 3-6 weeks)
Exit: RM0.47
Source: AmInvest Research - 19 Feb 2020
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