AmInvest Research Reports

Stocks on Radar - Opcom Holdings (0035)

Publish date: Wed, 26 Jan 2022, 09:26 AM
0 6,213
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)

Opcom Holdings climbed and hit the RM0.95 resistance level. With its RSI indicator pointing upward, 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 RM0.99 and RM1.01. The downside support is projected at RM0.89. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.95

Target: RM0.99, RM1.01 (time frame: 2-4 weeks)

Exit: RM0.89

Source: AmInvest Research - 26 Jan 2022

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

Post a Comment