Mikro MSC may rise higher after it gapped up and pushed above the RM0.28 resistance yesterday. The stock also posted 5 positive candles in a row and hit a new 52-week high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM0.28 level with stop-loss set at RM0.25, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.32, followed by RM0.35.
Entry : RM0.28–0.295
Target : RM0.32, RM0.35
Exit : RM0.25
Source: AmInvest Research - 13 Aug 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Dec 13, 2024
Created by AmInvest | Dec 11, 2024