Tashin Holdings may trend higher after it broke above the RM0.375 resistance and hit a 4-month high yesterday. As its 20-day and 50-day EMAs are converging now and are likely to turn up in the near term, buying momentum is rising. A bullish bias may emerge above the RM0.375 level with stop-loss set at RM0.34, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.42, followed by RM0.45.

Entry : RM0.375–0.38

Target : RM0.42, RM0.45

Exit : RM0.34

Source: AmInvest Research - 5 Apr 2024