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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Created by AmInvest | Nov 21, 2024