AmInvest Research Reports
Stocks On Radar - Parlo (0022)
AmInvest
Publish date: Thu, 24 Sep 2020, 09:22 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)
Parlo surged and tested the RM0.535 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, 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 RM0.56 and RM0.585. The downside support is anticipated at RM0.49, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on pullback RM0.535
Target: RM0.56, RM0.585 (time frame: 2-4 weeks)
Exit: RM0.49
Source: AmInvest Research - 24 Sept 2020
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