Samaiden Group may extend its upward trajectory after it broke out from its 3 weeks rectangle with a white candle two sessions ago. With the rising 20-day EMA, coupled with a higher trading volume, it indicates a positive signal. A bullish bias may emerge above the RM0.72 level, and the bullish momentum should lift it towards the subsequent resistance levels of RM0.77, followed by RM0.80. Towards the downside, stop-loss set at RM0.675, below the 20-day EMA.

Entry : RM0.72–0.755

Target : RM0.77, RM0.80

Exit : RM0.675

Source: AmInvest Research - 15 Sept 2022