Carimin Petroleum broke out from its 2-week bullish rectangle pattern yesterday, implying that its previous uptrend may have resumed. A new 52-week high coupled with its rising EMAs, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.84 level, with a stop-loss set at RM0.79, below the 20-day EMA. Towards the upside, the nearterm resistance level is seen at RM0.95, followed by RM1.00.
Entry : RM0.84–0.895
Target : RM0.95, RM1.00
Exit : RM0.79
Source: AmInvest Research - 8 Aug 2023
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Aug 30, 2024
Created by AmInvest | Aug 30, 2024
Created by AmInvest | Aug 30, 2024
Created by AmInvest | Aug 30, 2024