AmInvest Research Reports

Stocks on Radar - Nova Wellness Group (0201)

Publish date: Fri, 17 Dec 2021, 09:17 AM
0 6,338
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Nova Wellness Group rose and touched the RM0.97 resistance level. With its 21-day moving average in an uptrend, coupled with a higher high candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.00 and RM1.02. The downside support is projected at RM0.925. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.97

Target: RM1.00, RM1.02 (time frame: 2-4 weeks)

Exit: RM0.925

Source: AmInvest Research - 17 Dec 2021

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