AmInvest Research Reports
Stocks on Radar - Uzma (7250)
AmInvest
Publish date: Mon, 18 May 2020, 09:06 AM
AmInvest
0 9,055
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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)
Uzma broke past the resistance level RM0.625 with higher trading volume. With the momentum indicator RSI trending above 50%, and coupled with higher trading volume, we see that it will move towards the short-term target prices of RM0.675 and RM0.725. The downside support is anticipated at RM0.57, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.625
Target: RM0.675, RM0.725 (time frame: 2-4 weeks)
Exit: RM0.57
Source: AmInvest Research - 18 May 2020
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