AmInvest Research Reports

Stock on Radar - Success Transformer Corporation

AmInvest
Publish date: Fri, 12 Jul 2024, 09:04 AM
AmInvest
0 9,000
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Success Transformer Corporation broke out from its 3-month bullish rectangle pattern a few sessions ago, implying that the previous uptrend may have resumed. As the stock has surged to a new multi-year high, the near term bullish trend may still have legs. A bullish bias may emerge above the RM1.05 level with stop-loss set at RM0.99, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.20, followed by RM1.30.

Entry : RM1.05–1.10

Target : RM1.20, RM1.30

Exit : RM0.99

Source: AmInvest Research - 12 Jul 2024

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