ATA IMS poised to breakout with a 14% upside?
ATA IMS is a contract manufacturer in Malaysia and it is often viewed as a proxy to Dyson Ltd, a British technology company founded by James Dyson in 1991, focusing on design and manufacturing of household appliances.
The share has been in consolidation mode since early April this year and it has been trading above the 52 weeks EMA. It is facing a strong resistance at 1.65. A buy order should be placed at 1.66 with a 3-5% stop loss below. It will have a PT of 1.9 which translate into a potential gain of 14%
The share has been in consolidation mode since early April this year and it has been trading above the 52 weeks EMA. It is facing a strong resistance at 1.65. A buy order should be placed at 1.66 with a 3-5% stop loss below. It will have a PT of 1.9 which translate into a potential gain of 14%
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