AmInvest Research Reports
Stocks on Radar - Heitech Padu (5028)
AmInvest
Publish date: Mon, 02 Mar 2020, 11:02 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)
Heitech Padu may rebound and test the resistance level of RM0.96. During the latest session, we witnessed the RSI hitting the oversold region and the counter may make a technical rebound. If this happens, the short-term target price will be RM1.03, followed by RM1.07. In this case, the downside support is anticipated at RM0.88, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.96
Target: RM1.03, RM1.07 (time frame: 3-6 weeks)
Exit: RM0.88
Source: AmInvest Research - 2 Mar 2020
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