AmInvest Research Reports
Stock on Radar - HSS Engineers
AmInvest
Publish date: Mon, 22 Jul 2024, 09:05 AM
AmInvest
0 9,463
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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)
HSS Engineers may trend higher after it surged to a new multi-year high and closed above the key RM1.20 resistance on Friday. As the 20-day and 50-day EMAs have established a bullish crossover 2 weeks ago, the stock looks positive in the near term. A bullish bias may emerge above the RM1.20 level with stop-loss set at RM1.08, below the 20-day EMA. Towards the upside, nearterm resistance level is seen at RM1.40, followed by RM1.50.
Entry : RM1.20–1.28
Target : RM1.40, RM1.50
Exit : RM1.08
Source: AmInvest Research - 22 Jul 2024
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