AmInvest Research Reports
Stocks on Radar - Sime Darby (4197)
AmInvest
Publish date: Thu, 16 Apr 2020, 08:53 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)
Sime Darby is consolidating below the RM1.90 resistance level. With the momentum indicator RSI crossing the 50% threshold level, this shows there is a possibility it will break out from the resistance level soon. If this happens, it may move towards the short-term target prices of RM1.96 and RM2.05. The downside support is anticipated at RM1.79, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM1.90
Target: RM1.96, RM2.05 (time frame: 3-6 weeks)
Exit: RM1.79
Source: AmInvest Research - 16 Apr 2020
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