AmInvest Research Reports

Stocks on Radar - GHL Systems (0021)

AmInvest
Publish date: Wed, 11 Mar 2020, 08:58 AM
AmInvest
0 9,057
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

GHL Systems may soon test the resistance level of RM1.76. Meanwhile, observed that the RSI is trending higher and high trading volume was recorded in the latest session. We foresee that there could be a technical breakout above the resistane and momentum will travel towards the short-term target prices of RM1.88 and RM2.00. In this case, the downside support is anticipated at RM1.60, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.76

Target: RM1.88, RM2.00 (time frame: 3-6 weeks)

Exit: RM1.60

Source: AmInvest Research - 11 Mar 2020

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment