We believe the buying momentum on Samaiden Group is back following its breakout above the key RM1.00 resistance yesterday. With the stock posting a long white candle and closing near its 52-week high, the bullish momentum may be present now. A bullish bias may emerge above the RM1.00 level, with a stop-loss set at RM0.94, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.10, followed by RM1.15.

Entry : RM1.00–1.02

Target : RM1.10, RM1.15

Exit : RM0.94

Source: AmInvest Research - 4 Jul 2023