AmInvest Research Reports
Stocks on Radar - CSC Steel Holdings (5094)
AmInvest
Publish date: Wed, 02 Mar 2022, 10:18 AM
AmInvest
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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)
CSC Steel’s buying momentum is back after it surged to its 8-month high with a long white candle yesterday. The stock’s move above the RM1.58 resistance indicates that the near-term bullish trend may persist. A bullish bias may emerge above the RM1.58 level, while setting a stop-loss at RM1.49. Towards the upside, we are eyeing the nearterm resistance level at RM1.75, followed by RM1.85.
Entry: RM1.58–1.63
Target: RM1.75, 1.85
Exit: RM1.49
Source: AmInvest Research - 2 Mar 2022
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