AmInvest Research Reports
Stocks on Radar - MY E.G. Services (0138)
AmInvest
Publish date: Mon, 02 Mar 2020, 11:02 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)
MY E.G. Services may soon test the resistance level at RM1.14. During the latest session, we oberved that there was a lower shadow indicating buying interest when the price corrected.If the momentum is maintained, we foresee that there could be a technical rebound towards the shortterm target prices of RM1.20 followed by RM1.25. In this case, the downside support is anticipated at RM1.06, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM1.14
Target: RM1.20, RM1.25 (time frame: 3-6 weeks)
Exit: RM1.06
Source: AmInvest Research - 2 Mar 2020
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