Binastra Corporation may rise higher after it formed another positive candle and hit a new 52-week high 2 sessions ago. The stock’s move above the RM1.34 resistance coupled with rising EMAs indicate that the near term upward momentum may persist. A bullish bias may emerge above the RM1.34 level with stop-loss set at RM1.18, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.50, followed by RM1.60.
Entry : RM1.34–1.37
Target : RM1.50, RM1.60
Exit : RM1.18
Source: AmInvest Research - 5 Sept 2024
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Created by AmInvest | Sep 05, 2024