SMRT Holdings’ buying interest is back after it broke out of the 2-week bullish flag pattern yesterday. With the stock posting a long white candle and closing near its multi-year high, the upward momentum may be present now. A bullish bias may emerge above the RM0.80 level, with a stop-loss set at RM0.74, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.90, followed by RM1.00.

Entry : RM0.80–0.845

Target : RM0.90, RM1.00

Exit : RM0.74

Source: AmInvest Research - 23 Jun 2023