AmInvest Research Reports
Stock on Radar - Infomina
AmInvest
Publish date: Tue, 03 Jan 2023, 10:15 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)
Infomina may trend higher after it closed above the RM1.40 resistance and hit its all-time high on Friday. As the stock also broke out of the 3-week bullish ascending triangle pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM1.40 level, with a stop-loss set at RM1.18, below the 20 Dec low. Towards the upside, the near-term resistance level is seen at RM1.60, followed by RM1.70.
Entry : RM1.40–1.44
Target : RM1.60, RM1.70
Exit : RM1.18
Source: AmInvest Research - 3 Jan 2023
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