AmInvest Research Reports
Stocks on Radar- MY E.G. Services (0138)
AmInvest
Publish date: Thu, 18 Jun 2020, 08:47 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)
MY E.G. Services is poised to test the RM1.50 resistance level. With the 21-day moving avearge turning higher, coupled with a higher lows pattern sighted, we belive that a bullish momentum has resumed. If it breaks out from resistance, it will travel towards the short-term target prices of RM1.55 and RM1.66. The downside support is anticipated at RM1.38, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM1.50
Target: RM1.55, RM1.66 (time frame: 2-4 weeks)
Exit: RM1.38
Source: AmInvest Research - 18 Jun 2020
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