We expect further upside for SFP Tech after it closed above the RM1.00 psychological mark with a white candle 2 sessions ago. With its 20-day and 50-day EMAs starting to trend higher again, additional upside strength may be present in the near term. 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 RM1.15, followed by RM1.20.

Entry : RM1.00–1.04

Target : RM1.15, RM1.20

Exit : RM0.94

Source: AmInvest Research - 7 Jul 2023