AmInvest Research Reports
Stocks on Radar- Greatech Technology (0208)
AmInvest
Publish date: Fri, 29 May 2020, 09:57 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)
Greatech Technology broke past the resistance level RM3.09 during its recent session. With an RSI above the threshold level 50%, we see the bullish momentum continue to propel towards the short-term target prices of RM3.35 and RM3.55. The downside support is anticipated at RM2.85, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on breakout RM3.09
Target: RM3.35, RM3.55 (time frame: 2-4 weeks)
Exit: RM2.85
Source: AmInvest Research - 29 May 2020
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