We expect further upside for Samaiden Group after it gapped up and closed above the RM0.89 resistance yesterday. With the stock posting another white candle and pushing near its 52-week high, the bullish momentum may be present now. A bullish bias may emerge above the RM0.89 level, with a stop-loss set at RM0.83, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM0.95, followed by RM1.00.

Entry : RM0.89–0.915

Target : RM0.95, RM1.00

Exit : RM0.83

Source: AmInvest Research - 16 Mar 2023