AmInvest Research Reports
Stock on Radar - Seng Fong Holdings
AmInvest
Publish date: Fri, 09 Aug 2024, 09:30 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)
Seng Fong may trend higher after it recovered above the RM1.10 threshold and negated the bearish 5 Aug’s downside gap a
few sessions ago. With the bullish engulfing pattern coming off the rising 50-day EMA, buying momentum is likely picking up. A
bullish bias may emerge above the RM1.10 level with stop-loss set at RM0.99, below the 50-day EMA. Towards the upside, nearterm resistance level is seen at RM1.35, followed by RM1.40.
Entry : RM1.10–1.15
Target : RM1.35, RM1.40
Exit : RM0.99
Source: AmInvest Research - 9 Aug 2024
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