Scientex broke out from its 3-week bullish rectangle pattern with a long white candle yesterday, which likely indicates the return
of buying interest. As the 20-day and 50-day EMAs have established their bullish crossover since late January, the upward
momentum may persist in the near term. A bullish bias may emerge above the RM3.63 level, with a stop-loss set at RM3.42,
below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM4.00, followed by RM4.20.
Entry : RM3.63–3.70
Target : RM4.00, RM4.20
Exit : RM3.42
Source: AmInvest Research - 22 Feb 2023
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Created by AmInvest | Nov 18, 2024
Created by AmInvest | Nov 15, 2024