AmInvest Research Reports

Stocks on Radar - Heng Huat Resources Group (0175)

Publish date: Wed, 15 Dec 2021, 09:31 AM
0 6,348
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to:

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Heng Huat Resources Group rose and touched the RM0.78 resistance level. With its 21-day moving average in an uptrend, coupled with a sustainable trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.805 and RM0.825. The downside support is projected at RM0.735. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.78

Target: RM0.805, RM0.825 (time frame: 2-4 weeks)

Exit: RM0.735

Source: AmInvest Research - 15 Dec 2021

Related Stocks
Market Buzz
Be the first to like this. Showing 0 of 0 comments

Post a Comment