HSS Engineers broke out from its 2-week bullish flag pattern yesterday, implying that its previous uptrend may have resumed. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM0.55 level, with a stop-loss set at RM0.51, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.62, followed by RM0.65.

Entry : RM0.55–0.57

Target : RM0.62, RM0.65

Exit : RM0.51

Source: AmInvest Research - 15 Jun 2023