SAM Engineering & Equipment (M) may trend higher after it surged to a 6-month high and closed above the RM5.00 psychological mark on Thursday. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in early August, the uptrend may continue in the near term. A bullish bias may emerge above the RM5.00 level, with a stop-loss set at

RM4.56, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM5.50, followed by RM6.00.

Entry : RM5.00–5.17

Target : RM5.50, RM6.00

Exit : RM4.56

Source: AmInvest Research - 19 Sept 2022