Gabungan AQRS may rise higher after it posted a long white candle and hit a new 52-week high on Tuesday. The stock’s move above the RM0.35 resistance coupled with rising EMAs indicates that the near term bullish trend may persist. A bullish bias may emerge above the RM0.35 level, with stop-loss set at RM0.32, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.40, followed by RM0.42.

Entry : RM0.35–0.37

Target : RM0.40, RM0.42

Exit : RM0.32

Source: AmInvest Research - 1 Sept 2023