AmInvest Research Reports

Stock on Radar - Magni-Tech Industries

AmInvest
Publish date: Mon, 25 Mar 2024, 10:07 AM
AmInvest
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Magni-Tech Industries may rise higher after it formed a long white candle and hit a new 52-week high on Friday. In view of the uncovered upside gap formed on 19 Mar with rising EMAs, the upward momentum is likely to pick up further. A bullish bias may emerge above the RM2.20 level with stop-loss set at RM2.08, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM2.40, followed by RM2.60.

Entry : RM2.20–2.27

Target : RM2.40, RM2.60

Exit : RM2.08

Source: AmInvest Research - 25 Mar 2024

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