AmInvest Research Reports
Stocks on Radar - MClean Technologies (0167)
AmInvest
Publish date: Fri, 07 May 2021, 09:42 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)
MClean Technologies surged and touched the RM0.60 resistance level. With its higher low and higher high candlestick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.63, followed by RM0.645. The downside support is marked at RM0.555. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on pullback RM0.60
Target: RM0.63, RM0.645 (time frame: 2-4 weeks)
Exit: RM0.555
Source: AmInvest Research - 7 May 2021
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