AmInvest Research Reports
Stocks on Radar- BCM Alliance (0187)
AmInvest
Publish date: Fri, 21 Aug 2020, 11:20 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)
BCM Alliance moved higher to test the RM0.355 resistance level with higher trading volume. Given that the 21-day moving average is pointing upwards, coupled with higher low candlestick patterns, we believe that the bullish momentum may continue to climb towards the short-term target prices of RM0.38 and RM0.42. The downside support is anticipated at RM0.30, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.355
Target: RM0.38, RM0.42 (time frame: 2-4 weeks)
Exit: RM0.30
Source: AmInvest Research - 21 Aug 2020
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