AmInvest Research Reports
Stocks on Radar - Leong Hup International (6633)
AmInvest
Publish date: Fri, 27 Mar 2020, 09:01 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)
Leong Hup International may soon move higher to test the immediate resistance level of RM0.535. With the momentum indicator RSI pointing upwards, we foresee that the momentum may travel towards the short-term target prices of RM0.60 and RM0.67. In this case, the downside support is anticipated at RM0.47, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on breakout RM0.535
Target: RM0.60, RM0.67 (time frame: 3-6 weeks)
Exit: RM0.47
Source: AmInvest Research - 27 Mar 2020
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