AmInvest Research Reports

Stocks on Radar - Serba Dinamik Holdings (5279)

AmInvest
Publish date: Mon, 06 Jul 2020, 09:26 AM
AmInvest
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Serba Dinamik Holdings is moving sideways before surging higher to test the RM1.77 resistance level. With the RSI indicator pointing upwards, coupled with rising trading volume, we foresee that there could be a technical breakout above the resistance level. If this happens, it will travel towards the short-term target prices of RM1.85 followed by RM1.92. In this case, the downside support is marked at RM1.65, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.77

Target: RM1.85, RM1.92 (time frame: 2-4 weeks)

Exit: RM1.65

Source: AmInvest Research - 6 Jul 2020

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