AmInvest Research Reports
Stock On Radar - Betamek
AmInvest
Publish date: Fri, 23 Aug 2024, 09:02 AM
AmInvest
0 9,382
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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)
Betamek may rise higher after it gapped up and hit a new 52-week high yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.47 level with stop-loss set at RM0.42, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.53, followed by RM0.55.
Entry : RM0.47–0.48
Target : RM0.53, RM0.55
Exit : RM0.42
Source: AmInvest Research - 23 Aug 2024
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