Stocks on Radar - Magni-Tech Industries (7087) - AmInvest Research Reports

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Author: AmInvest | Latest post: Fri, 19 Apr 2024, 10:14 AM

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Stocks on Radar - Magni-Tech Industries (7087)

Author: AmInvest | Publish date: Thu, 13 Jan 2022, 9:05 AM

Magni-Tech Industries rose and is poised to touch the RM2.00 resistance level. With its RSI indicator pointing upward, coupled with a bullish engulfing candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM2.08, followed by RM2.11. The downside support is marked at RM1.91. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.00

Target: RM2.08, RM2.11 (time frame: 2-4 weeks)

Exit: RM1.91

Source: AmInvest Research - 13 Jan 2022

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Labels: MAGNI

Related Stocks

Chart	Stock Name	Last	Change	Volume
	MAGNI	2.11	-0.07 (3.21%)	227,500

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