Affin Bank posted a long white candle after breaking out from a 1-month ascending triangle. The stock is currently trading above the 20-day EMA, surpassing the previous resistance at RM2.04 with significant volume. This indicates a potential trend reversal. Resistance levels may be offered at RM2.17, followed by RM2.30. Toward the downside, the stop-loss is set at RM1.95, positioned below the second support level.

Entry : RM2.04-2.06 T

arget : RM2.17, RM2.30

Exit : RM1.95

Source: AmInvest Research - 22 Dec 2023