AmInvest Research Reports

Stocks on Radar - Sunzen Biotech (0148)

Publish date: Wed, 08 Dec 2021, 09:25 AM
0 6,335
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Sunzen Biotech rose and touched the RM0.205 resistance level. With its RSI indicator in an uptrend, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.215, followed by RM0.22. The downside support is marked at RM0.19. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.205

Target: RM0.215, RM0.22 (time frame: 2-4 weeks)

Exit: RM0.19

Source: AmInvest Research - 8 Dec 2021

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