AmInvest Research Reports
Stocks on Radar - AME Elite Consortium (2127)
AmInvest
Publish date: Fri, 21 Feb 2020, 09:06 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)
AME Elite Consortium pulled back before testing the resistance level of RM1.86. With a rising RSI, a bullish bias may resume and push the price towards the target prices of RM2.00 and RM2.10. In this case, the immediate support is anticipated at RM1.75, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on pullback near RM1.86
Target: RM2.00, RM2.10 (time frame: 3-6 weeks)
Exit: RM1.75
Source: AmInvest Research - 21 Feb 2020
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