AmInvest Research Reports

Stocks on Radar - Greatech Technology (0208)

AmInvest
Publish date: Fri, 21 Jan 2022, 10:39 AM
AmInvest
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Greatech Technology is moving sideways, testing the RM5.07 resistance level. With its RSI indicator pointing upward, 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 RM5.28 and RM5.40. The downside support is projected at RM4.74. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM5.07

Target: RM5.28, RM5.40 (time frame: 2-4 weeks)

Exit: RM4.74
 

Source: AmInvest Research - 21 Jan 2022

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