AmInvest Research Reports
Stocks on Radar - Swift Haulage
AmInvest
Publish date: Wed, 10 Aug 2022, 10:43 AM
AmInvest
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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)
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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