AmInvest Research Reports

Stocks on Radar - CSC Steel Holdings (5094)

AmInvest
Publish date: Thu, 21 May 2020, 09:21 AM
AmInvest
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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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