Signature International’s buying interest is back after it rose above its 20-day EMA with a second consecutive white candle yesterday. As the stock also broke above the 3-month downtrend line derived from April’s high, it may see additional strength in the coming sessions. A bullish bias may emerge above the RM1.28 level, with a stop-loss set at RM1.17, below 4 July’s low. Towards the upside, the near-term resistance level is seen at RM1.40, followed by RM1.45.

Entry : RM1.28–1.30

Target : RM1.40, RM1.45

Exit : RM1.17
 

Source: AmInvest Research - 7 Jul 2022