AmInvest Research Reports

Stocks on Radar - Shin Yang Shipping Corp (5173)

AmInvest
Publish date: Thu, 30 Sep 2021, 10:39 AM
AmInvest
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Shin Yang Shipping Corp surged and touched the RM0.355 resistance level. With its RSI indicator moving upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.37, followed by RM0.385. The downside support is marked at RM0.325. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.355

Target: RM0.37, RM0.385 (time frame: 2-4 weeks)

Exit: RM0.325
 

Source: AmInvest Research - 30 Sept 2021

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