AmInvest Research Reports
Stock on Radar - Ramssol Group
AmInvest
Publish date: Tue, 03 Oct 2023, 10:30 AM
AmInvest
0 8,789
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Ramssol Group may rise higher after it gapped up and hit a new 52-week high yesterday. Given that the stock has broken out from the 2-week bullish rectangle pattern and is supported by its rising EMAs, the near term bullish trend may still have legs. A bullish bias may emerge above the RM0.49 level, with stop-loss set at RM0.44, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.55, followed by RM0.60.
Entry : RM0.49–0.515
Target : RM0.55, RM0.60
Exit : RM0.44
Source: AmInvest Research - 3 Oct 2023
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