AmInvest Research Reports
Stock on Radar - Infoline Tec Group’s
AmInvest
Publish date: Tue, 16 Jul 2024, 09:05 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Infoline Tec Group’s buying momentum is back after it broke out of the 2-week bullish flag pattern with a long positive candle yesterday. As the stock surged to a new historical high, the near term bullish trend may still have legs. A bullish bias may emerge above the RM1.10 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 : RM1.10–1.13
Target : RM1.20, RM1.30
Exit : RM0.99
Source: AmInvest Research - 16 Jul 2024
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