AmInvest Research Reports
Stock on Radar - T7 Global (7228)
AmInvest
Publish date: Tue, 01 Sep 2020, 05:47 PM
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)
T7 Global is poised to test the RM0.425 resistance level. With the RSI indicator pointing upwards, we believe that the bullish momentum has kicked in and it may break out soon. If this happens, it will continue to travel towards the short-term target prices of RM0.44 and RM0.47. In this case, the downside support is marked at RM0.395, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.425
Target: RM0.44, RM0.47 (time frame: 2-4 weeks)
Exit: RM0.395
Source: AmInvest Research - 1 Sept 2020
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