AmInvest Research Reports

Stock on Radar - Samaiden Group

AmInvest
Publish date: Wed, 16 Aug 2023, 09:49 AM
AmInvest
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Samaiden Group’s buying interest is back after it broke out of the 2-week bullish flag pattern 2 sessions ago. With the stock posting another white candle and pushing near its 52-week high, bullish momentum may be present now. A bullish bias may emerge above the RM1.30 level, with a stop-loss set at RM1.20, below the 11 Aug low. Towards the upside, the near-term resistance level is seen at RM1.45, followed by RM1.50.

Entry : RM1.30–1.33

Target : RM1.45, RM1.50

Exit : RM1.20

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