AmInvest Research Reports
Stocks on Radar - Radiant Globaltech (0202)
AmInvest
Publish date: Thu, 24 Feb 2022, 11:23 AM
AmInvest
0 9,047
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Radiant Globaltech broke out from its bullish triangle pattern yesterday implying that its previous uptrend may have resumed. Together with its white marubozu candlestick and rising EMAs, bullish momentum may be present now. A bullish bias may emerge above the RM0.475 level, while setting a stop-loss at RM0.44. Towards the upside, we are eyeing the near-term resistance level at RM0.55, followed by RM0.60.
Entry: RM0.475–0.49
Target: RM0.55, 0.60
Exit: RM0.44
Source: AmInvest Research - 24 Feb 2022
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