AmInvest Research Reports
Stocks on Radar - Mynews Holdings (5275)
AmInvest
Publish date: Fri, 21 Feb 2020, 09:07 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)
Mynews Holdings has been range-bound and consolidating near the RM0.88 level. With a rising momentum indicator RSI, there is a possibility it will bounce up and move towards the target price of RM0.99. The immediate support is anticipated at RM0.795, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy on pullback near RM0.88
Target: RM0.99 (time frame: 3-6 weeks)
Exit: RM0.795
Source: AmInvest Research - 21 Feb 2020
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