AmInvest Research Reports

Stock on Radar - Ancom Nylex

AmInvest
Publish date: Tue, 27 Dec 2022, 09:08 AM
AmInvest
0 8,766
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

Ancom Nylex may trend higher after it surged to a 4-month high and closed above the RM1.04 resistance (the Sep high) on Friday. Coupled with the positive cross of its 20-day EMA above the 50-day EMA a few candles back, this bullish crossover has enhanced the bullish momentum. A bullish bias may emerge above the RM1.04 level, with a stop-loss set at RM0.99, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.15, followed by RM1.20.

Entry : RM1.04–1.08

Target : RM1.15, RM1.20

Exit : RM0.99

 

Source: AmInvest Research - 27 Dec 2022

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment