AmInvest Research Reports
Stocks on Radar - Poh Huat Resources
AmInvest
Publish date: Thu, 28 Apr 2022, 10:01 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)
Poh Huat Resources may trend higher after it surged to an 11-month high and closed above the RM1.48 resistance yesterday. As the 20-day and 50-day EMAs have established their bullish crossover since late March, the current bullish bias may continue in the near term. A bullish bias may emerge above the RM1.48 level, with a stop-loss set at RM1.42, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.60, followed by RM1.65.
Entry : RM1.48–1.53
Target : RM1.60, RM1.65
Exit : RM1.42
Source: AmInvest Research - 28 Apr 2022
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