Carimin Petroleum’s buying momentum is back after it broke out of the 4-week bullish rectangle pattern with another white candle on Wednesday. A new 52-week high coupled with rising EMAs could mean additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.93 level, with stop-loss set at RM0.85, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.00, followed by RM1.10.
Entry : RM0.93–0.945
Target : RM1.00, RM1.10
Exit : RM0.85
Source: AmInvest Research - 29 Sept 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