ITMAX System’s buying momentum is back after it broke out of the downward channel with a long white candle yesterday. The stock’s move above the RM1.80 resistance coupled with rising EMAs, indicates that the near term upward momentum may persist. A bullish bias may emerge above the RM1.80 level, with stop-loss set at RM1.68, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.90, followed by RM2.00.
Entry : RM1.80–1.83
Target : RM1.90, RM2.00
Exit : RM1.68
Source: AmInvest Research - 13 Dec 2023
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Created by AmInvest | Nov 18, 2024
Created by AmInvest | Nov 15, 2024