TAS Offshore broke out from a 1-month bullish pennant pattern 2 sessions ago, implying that its previous uptrend may have resumed. As the stock has surged to a new multi-year high, near term bullish trend may still have legs. A bullish bias may emerge above the RM0.56 level, with stop-loss set at RM0.51, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.65, followed by RM0.70.
Entry : RM0.56–0.585
Target : RM0.65, RM0.70
Exit : RM0.51
Source: AmInvest Research - 7 Feb 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Aug 27, 2024
Created by AmInvest | Aug 27, 2024