AmInvest Research Reports

Stocks on Radar - VSTECS (5162)

AmInvest
Publish date: Fri, 17 Apr 2020, 08:51 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)

VSTECS broke past the resistance level of RM1.04 with high trading volume. With the momentum indicator RSI above 50%, we foresee that it could continue moving towards the short-term target prices of RM1.13 and RM1.20. In this case, the downside support is anticipated at RM0.97, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on continuation RM1.04

Target: RM1.13, RM1.20 (time frame: 3-6 weeks)

Exit: RM0.97

Source: AmInvest Research - 17 Apr 2020

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

Post a Comment