AmInvest Research Reports

Stocks on Radar - Tambun Indah Land

AmInvest
Publish date: Wed, 25 May 2022, 11:11 AM
AmInvest
0 9,382
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

Tambun Indah Land may rise further after it formed a long white candle and hit a new 52-week high yesterday. As the 20-day and 50-day EMAs have established their bullish crossover since late February, the current bullish bias may continue in the near term. A bullish bias may emerge above the RM0.99 level, with a stop-loss set at RM0.92, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.10, followed by RM1.15.

Entry : RM0.99–1.02

Target : RM1.10, RM1.15

Exit : RM0.92


 

Source: AmInvest Research - 25 May 2022

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment