AmInvest Research Reports

Stock on Radar - Vestland

AmInvest
Publish date: Thu, 05 Sep 2024, 12:31 PM
AmInvest
0 9,297
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)

Vestland broke out from its 3-week bullish falling wedge pattern with a long positive candle yesterday, implying that its previous uptrend may have resumed. With the stock pushing near its all-time high, supported by its rising EMAs, likely indicates that theupward momentum may be picking up. A bullish bias may emerge above the RM0.53 level with stop-loss set at RM0.49, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.65.

Entry : RM0.53–0.545

Target : RM0.60, RM0.65

Exit : RM0.49

Source: AmInvest Research - 5 Sept 2024

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

Post a Comment