AmInvest Research Reports

Stocks on Radar - Fitters Diversified (9318)

AmInvest
Publish date: Tue, 09 Nov 2021, 10:00 AM
AmInvest
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Fitters Diversified rebounded and touched the RM0.435 resistance level. With its 21-day moving average pointing 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 RM0.455, followed by RM0.47. The downside support is marked at RM0.405. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.435

Target: RM0.455, RM0.47 (time frame: 2-4 weeks)

Exit: RM0.405
 

Source: AmInvest Research - 9 Nov 2021

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