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AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 1 Dec 2020, 12:48 PM

 

Stocks on Radar - EG Industries (8907)

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EG Industries is consolidating, touching the RM0.48 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance for a technical breakout towards the short-term target price of RM0.51, followed by RM0.54. The downside support is marked at RM0.45. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.48

Target: RM0.51, RM0.54 (time frame: 2-4 weeks)

Exit: RM0.45

Source: AmInvest Research - 21 Oct 2020

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Labels: EG

Related Stocks

Chart Stock Name Last Change Volume 
EG 0.56 0.00 (0.00%) 1,921,600 

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