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
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Created by AmInvest | Nov 21, 2024