AmInvest Research Reports
Stocks on Radar- Asia Poly Holdings (0105)
AmInvest
Publish date: Wed, 29 Jul 2020, 10:26 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)
Asia Poly Holdings broke past the RM0.44 resistance level. With the RSI indicator pointing upwards, coupled with sustainable trading volume, we think that the bullish momentum will continue to travel towards the short-term target price of RM0.48 followed by RM0.52. In this case, the downside support is marked at RM0.38, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.44
Target: RM0.48, RM0.52 (time frame: 2-4 weeks)
Exit: RM0.38
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