AmInvest Research Reports
Stocks on Radar - Westports Holdings (5246)
AmInvest
Publish date: Wed, 09 Sep 2020, 10:54 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)
Westports Holdings is moving sideways to test the RM3.95 resistance level. With its RSI indicator pointing upwards, we see that there is a possibility it will experience a technical breakout. If this happens, expect it to travel towards the short-term target prices of RM4.07 and RM4.19. The downside support is anticipated at RM3.78, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM3.95
Target: RM4.07, RM4.19 (time frame: 2-4 weeks)
Exit: RM3.78
Source: AmInvest Research - 9 Sept 2020
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