AmInvest Research Reports

Stocks on Radar - Swift Haulage

AmInvest
Publish date: Wed, 10 Aug 2022, 10:43 AM
AmInvest
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Swift Haulage may trend higher after it surged to an 8-week high and closed above the RM0.525 resistance with a long white candle two sessions ago. As its 20-day EMA is likely to head upwards in the near term, the bullish momentum is rising. A bullish bias may emerge above the RM0.525 level, with a stop-loss set at RM0.49, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.60, followed by RM0.65.

Entry : RM0.525–0.545

Target : RM0.60, RM0.65

Exit : RM0.49

 

Source: AmInvest Research - 10 Aug 2022

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