AmInvest Research Reports

Stock on Radar - Signature International

AmInvest
Publish date: Thu, 18 May 2023, 11:18 AM
AmInvest
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Signature International may trend higher after it surged to a 5-month high and closed above the RM1.37 resistance yesterday.
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 upward momentum. A bullish bias may emerge above the RM1.37 level, with a stop-loss set at RM1.26, below the 20-day 
EMA. Towards the upside, the near-term resistance level is seen at RM1.60, followed by RM1.70

Entry : RM1.37–1.45
Target : RM1.60, RM1.70
Exit : RM1.26

Source: AmInvest Research - 18 May 2023

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