AmInvest Research Reports
Stocks on Radar - Star Media Group (6084)
AmInvest
Publish date: Wed, 22 Apr 2020, 08:48 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)
Star Media Group may soon move higher to test the RM0.345 level. With the momentum indicator RSI above 60%, there is a possibility it will break out from resistance. If this happens, it may climb towards the short-term target prices of RM0.37 and RM0.385. The downside support is anticipated at RM2.72, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.345
Target: RM0.37, RM0.385 (time frame: 3-6 weeks)
Exit: RM0.31
Source: AmInvest Research - 22 Apr 2020
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