AmInvest Research Reports

Stock on Radar - ITMAX System

Publish date: Fri, 02 Feb 2024, 10:14 AM
0 8,750
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ITMAX System may trend higher after it broke above the RM1.90 resistance and hit a new record high on Wednesday. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the near term. A bullish bias may emerge above the RM1.90 level, with stop-loss set at RM1.78, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.30.

Entry : RM1.90–2.00

Target : RM2.20, RM2.30

Exit : RM1.78

Source: AmInvest Research - 2 Feb 2024

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