AmInvest Research Reports

Stocks on Radar - Kumpulan Fima

AmInvest
Publish date: Mon, 04 Jul 2022, 09:21 AM
AmInvest
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Kumpulan Fima broke out from its 3-week rectangle pattern with a long white candle on Friday, implying that a bullish reversal sign may have occurred. The 20-day EMA is turning upwards while the 50-day EMA has a positive slope, suggesting additional strength may be present in the coming sessions. A bullish bias may emerge above the RM2.60 level, with a stop-loss set at RM2.46, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM2.86, followed by RM3.00.

Entry : RM2.60–2.66

Target : RM2.86, RM3.00

Exit : RM2.46

Source: AmInvest Research - 4 Jul 2022

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