AmInvest Research Reports

Stock on Radar - Hume Cement Industries

AmInvest
Publish date: Thu, 22 Feb 2024, 09:58 AM
AmInvest
0 8,750
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)

We expect further upside for Hume Cement Industries after it gapped up and pushed above the RM3.00 resistance yesterday. The stock also posted 2 white candles in a row and hit its new multi-year high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM2.90 level, with a stop-loss set at RM2.78, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM3.30, followed by RM3.50.
 

Entry : RM2.90–3.09

Target : RM3.30, RM3.50

Exit : RM2.78

Source: AmInvest Research - 22 Feb 2024

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

Post a Comment