AmInvest Research Reports

Stocks on Radar - Kawan Food

Publish date: Fri, 14 Oct 2022, 09:30 AM
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Kawan Food may trend higher after it formed another white candle and closing near its 52-week high yesterday. As the stock has recovered above its 20-day EMA and coupled with the bullish hammer pattern formed on 30 Sep, there is likely still room to the upside from here. A bullish bias may emerge above the RM2.20 level, with a stop-loss set at RM2.05, below the hammer pattern support. Towards the upside, the near-term resistance level is seen at RM2.40, followed by RM2.50.

Entry : RM2.20–2.28

Target : RM2.40, RM2.50

Exit : RM2.05


Source: AmInvest Research - 14 Oct 2022

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