Three-A Resources may rise higher after it hit a new 52-week high with a long white candle two sessions ago. As the stock also broke out of the 4-month bullish rectangle pattern, it may see additional strength in the near term. An upbeat bias may emerge above the RM1.13 level, with a stop-loss set at RM1.05, below the 21-day EMA. On the upside, the near-term resistance level is seen at RM1.30, followed by RM1.40.
Entry: RM1.13–1.18
Target: RM1.30, 1.40
Exit: RM1.05
Source: AmInvest Research - 17 Feb 2022
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 03, 2024
Created by AmInvest | Sep 02, 2024