AmInvest Research Reports

Stock on Radar - HSS Engineers

AmInvest
Publish date: Tue, 16 Jan 2024, 09:46 AM
AmInvest
0 9,031
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

HSS Engineers posted 2 white candles in a row and its 20-day EMA has started to turn up yesterday, likely indicating the return of buying interest. With the stock cracking above the RM1.08 resistance and at its 52-week high, the upward momentum is likely to pick up further. A bullish bias may emerge above the RM1.08 level, with a stop-loss set at RM0.97, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.20, followed by RM1.30.

Entry : RM1.08–1.12

Target : RM1.20, RM1.30

Exit : RM0.97

Source: AmInvest Research - 16 Jan 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment