AmInvest Research Reports
Stocks on Radar - Wegmans Holdings (0197)
AmInvest
Publish date: Mon, 04 Oct 2021, 10:00 AM
AmInvest
0 9,385
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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)
Wegmans Holdings surged and touched the RM0.28 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 RM0.295, followed by RM0.305. The downside support is marked at RM0.255. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.28
Target: RM0.295, RM0.305 (time frame: 2-4 weeks)
Exit: RM0.255
Source: AmInvest Research - 4 Oct 2021
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