We expect further upside for Public Packages after it recouped most of the previous session’s losses and pushed higher from its RM1.04 low. The stock’s move above the key RM1.00 resistance coupled with rising EMAs indicate that the near term upward momentum may persist. A bullish bias may emerge above the RM1.04 level with stop-loss set at RM0.98, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.20, followed by RM1.30.

Entry : RM1.04–1.09

Target : RM1.20, RM1.30

Exit : RM0.98

Source: AmInvest Research - 25 Jun 2024