AmInvest Research Reports
Stocks on Radar - Poh Huat Resources Holdings (7088)
AmInvest
Publish date: Tue, 21 Apr 2020, 08:42 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)
Poh Huat Resources Holdings may soon retrace its path towards the RM0.885 level. Notice that the trading volume was high in recent sessions. We see that buying interest is intact and there could be a technical rebound towards the short-term target prices of RM0.94 and RM0.98. In this case, the downside support is anticipated at RM0.83, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on pullback RM0.885
Target: RM0.94, RM0.98 (time frame: 3-6 weeks)
Exit: RM0.83
Source: AmInvest Research - 21 Apr 2020
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