Critical Holdings may trend higher after it broke above the RM0.87 resistance and hit a new all-time high yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.87 level with stop-loss set at RM0.80, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.00, followed by RM1.10.
Entry : RM0.87–0.94
Target : RM1.00, RM1.10
Exit : RM0.
Source: AmInvest Research - 8 May 2024
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Created by AmInvest | Nov 21, 2024