AmInvest Research Reports
Stocks on Radar - British American Tobacco (Malaysia) (4162)
AmInvest
Publish date: Wed, 29 Apr 2020, 09:01 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)
British American Tobacco (Malaysia) may soon break out from the RM12.04 resistance level. Notice that its share price is moving higher while trading volume is trending lower, indicating the selling pressure is low. With the RSI above 60%, it may break out and move towards the shortterm target prices of RM12.60 and RM13.16. The downside support is anticipated at RM11.48, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM12.04
Target: RM12.60, RM13.16 (time frame: 2-4 weeks)
Exit: RM11.48
Source: AmInvest Research - 29 Apr 2020
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