AmInvest Research Reports
Stocks on Radar - Bursa Malaysia (1818)
AmInvest
Publish date: Thu, 19 Mar 2020, 08:52 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)
Bursa Malaysia may soon retrace its path towards the RM4.50 level. If this happens, we foresee that there could be a technical rebound towards the short-term target prices of RM4.75 and RM4.95. In this case, the downside support is anticipated at RM4.05, whereby traders may exit on a breach to avoid the risk of a further correction Trading Call: Buy on breakout RM4.50
Target: RM4.75, RM4.95 (time frame: 3-6 weeks) Exit: RM4.05
Source: AmInvest Research - 19 Mar 2020
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