HSS Engineers broke out from a 2-week bullish pennant pattern yesterday, implying that its previous uptrend may have resumed. The stock also posted 2 white candles in a row and hit a new multi-year high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM0.77 level, with stop-loss set at RM0.69, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.90, followed by RM1.00.

Entry : RM0.77–0.805

Target : RM0.90, RM1.00

Exit : RM0.69

Source: AmInvest Research - 27 Sept 2023