AmInvest Research Reports
Stocks on Radar - CSC Steel Holdings (5094)
AmInvest
Publish date: Thu, 21 May 2020, 09:21 AM
AmInvest
0 9,386
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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)
CSC Steel Holdings rose above the resistance level RM0.795 with higher trading volume. With the momentum RSI pointing above 60%, we anticipate it travelling towards the short-term target prices of RM0.84 and RM0.885. The downside support is anticipated at RM0.75, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.795
Target: RM0.84, RM0.885 (time frame: 2-4 weeks)
Exit: RM0.75
Source: AmInvest Research - 21 May 2020
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