AmInvest Research Reports
Stocks on Radar - Media Prima (4502)
AmInvest
Publish date: Fri, 04 Dec 2020, 08:37 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)
Media Prima jumped and touched the RM0.205 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance it will break out and head towards the shortterm target price of RM0.22, followed by RM0.23. The downside support is marked at RM0.19. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.205
Target: RM0.22, RM0.23 (time frame: 2-4 weeks)
Exit: RM0.19
Source: AmInvest Research - 4 Dec 2020
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