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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 29 May 2020, 9:58 AM

 

Stocks on Radar - Poh Kong Holdings (5080)

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Poh Kong Holdings surged past the resistance price of RM0.505 in its latest session with higher trading volume.With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM0.535 and RM0.55. Meanwhile, it may move sideways if it falls below the RM0.505 mark in the near term. The downside support is anticipated at RM0.485, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on continuation above RM0.505
Target: RM0.535, RM0.55 (time frame: 3-6 weeks)
Exit: RM0.485

Source: AmInvest Research - 6 Jan 2020

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Labels: POHKONG

Related Stocks

Chart Stock Name Last Change Volume 
POHKONG 0.47 -0.005 (1.05%) 295,900 

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