AmInvest Research Reports
Stocks On Radar - MUI Properties (3913)
AmInvest
Publish date: Fri, 09 Oct 2020, 09:39 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)
MUI Properties is poised to test the RM0.285 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, we hold the view that there could be a technical breakout towards a short-term target price of RM0.31, followed by RM0.33. Meanwhile, the downside support is projected at RM0.26 and traders may cut loss on a breach.
Trading Call: Buy on breakout RM0.285
Target: RM0.31, RM0.33 (time frame: 2-4 weeks)
Exit: RM0.26
Source: AmInvest Research - 9 Oct 2020
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