Kenanga Research & Investment
Highlights / Stock Picks of the Day - Amcorp Properties Berhad (AMPROP) – Not Rated
Yesterday, AMCORP’s share price gained by 10.0 sen to settle at its all time-high of RM1.48. A white “Marubozu” candlestick was formed in the daily technical chart and took out the resistance-turned-support level of RM1.41. Despite both RSI and Stochastic being in overbought territory, MACD is positively diverging from the Signal line, hinting strong buying momentum. We reckon that follow through strong buying interests will rally the share price to RM1.54 (R1) and RM1.62 (R2).
Source: Kenanga
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
