AmInvest Research Reports
Stocks on Radar - Leong Hup International (6633)
AmInvest
Publish date: Wed, 26 Feb 2020, 09:36 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)
Leong Hup International may soon retrace its path towards the RM0.70 level. Since the RSI indicator fell below 30% which indicates the stock is oversold, we foresee there could be a technical rebound towards the short-term target price of RM0.75. In this case, the downside support is anticipated at RM0.645, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy near RM0.70
Target: RM0.75 (time frame: 3-6 weeks)
Exit: RM0.645
Source: AmInvest Research - 26 Feb 2020
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