AmInvest Research Reports
Stocks on Radar - CSC Steel Holdings (5094)
AmInvest
Publish date: Thu, 02 Apr 2020, 08:56 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)
CSC Steel Holdings touched the resistance level of RM0.645 during its intraday high. Due to higher trading volume recorded in the latest session, , we foresee that there could be a technical breakout and it will climb towards the short-term target prices of RM0.68 followed by RM0.735. In this case, the downside support is anticipated at RM0.59, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.645
Target: RM0.68, RM0.735 (time frame: 3-6 weeks)
Exit: RM0.59
Source: AmInvest Research - 2 Apr 2020
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