AmInvest Research Reports

Stocks on Radar - Imaspro Corporation (7222)

Publish date: Fri, 24 Dec 2021, 09:22 AM
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Imaspro Corporation rose and touched the RM2.45 resistance level. With its 21-day moving average in an uptrend, coupled with a higher 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 RM2.55 and RM2.60. The downside support is projected at RM2.35. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.45

Target: RM2.55, RM2.60 (time frame: 2-4 weeks)

Exit: RM2.35

Source: AmInvest Research - 24 Dec 2021

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