AmInvest Research Reports
Stocks On Radar - Ornapaper (5065)
AmInvest
Publish date: Fri, 09 Oct 2020, 09:36 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)
Ornapaper surged and tested the RM1.21 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, we see a possibility of a technical breakout. If this happens, it could move towards short-term target prices of RM1.25 and RM1.28. The downside support is projected at RM1.16 and traders may exit on a breach to avoid further losses.
Trading Call: Buy near RM1.21
Target: RM1.25, RM1.28 (time frame: 2-4 weeks)
Exit: RM1.16
Source: AmInvest Research - 9 Oct 2020
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