AmInvest Research Reports
Stocks on Radar- MKH (6114)
AmInvest
Publish date: Mon, 09 Nov 2020, 02:44 PM
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)
MKH jumped and touched the RM1.29 resistance level. With its higher high candle stick pattern, coupled with higher trading volume, there is a good chance it will break out and head towards the short-term target price of RM1.33, followed by RM1.36. The downside support is marked at RM1.24. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM1.29
Target: RM1.33, RM1.36 (time frame: 2-4 weeks)
Exit: RM1.24
Source: AmInvest Research - 9 Nov 2020
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