AmInvest Research Reports
Stocks on Radar - Iconic Worldwide (9913)
AmInvest
Publish date: Wed, 02 Sep 2020, 10:40 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)
Iconic Worldwide is poised to test the RM0.735 resistance level. With its RSI indicator pointing upwards, coupled with a bullish white candlestick pattern, we think that the bullish momentum will soon push towards the short-term target price of RM0.79 followed by RM0.83. In this case, the downside support is marked at RM0.64, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.735
Target: RM0.79, RM0.83 (time frame: 2-4 weeks)
Exit: RM0.64
Source: AmInvest Research - 2 Sept 2020
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