AmInvest Research Reports

Stock on Radar - Press Metal Aluminium

Publish date: Wed, 17 Apr 2024, 10:03 AM
0 8,851
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:

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Press Metal Aluminium’s buying momentum is back after it broke out of the 1-week bullish flag pattern with a long white candle yesterday. As the 20-day and 50-day EMAs have confirmed their bullish crossover a few sessions ago, the stock looks positive in the near term. A bullish bias may emerge above the RM5.13 level with stop-loss set at RM4.78, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM5.70, followed by RM6.00.

Entry : RM5.13–5.32

Target : RM5.70, RM6.00

Exit : RM4.78

Source: AmInvest Research - 17 Apr 2024

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

Post a Comment