AmInvest Research Reports

Stock On Radar - Hong Leong Bank

AmInvest
Publish date: Thu, 22 Aug 2024, 09:09 AM
AmInvest
0 9,129
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

Hong Leong Bank may trend higher after it broke above the key RM20.00 resistance with a long positive candle a few sessions ago. The stock pushing near its multi-year high, supported by rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM20.00 level with stop-loss set at RM18.60, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM22.00, followed by RM24.00.

Entry : RM20.00–20.26

Target : RM22.00, RM24.00

Exit : RM18.60

Source: AmInvest Research - 22 Aug 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment