AmInvest Research Reports
Stocks on Radar - Scientex (4731)
AmInvest
Publish date: Mon, 12 Jul 2021, 09:17 AM
AmInvest
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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)
Scientex jumped and touched the RM4.13 resistance level. With its RSI indicator trading upwards, coupled with sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM4.26, followed by RM4.30. The downside support is marked at RM3.98. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM4.13
Target: RM4.26, RM4.30 (time frame: 2–4 weeks)
Exit: RM3.98
Source: AmInvest Research - 12 Jul 2021
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