AmInvest Research Reports

Stock on Radar - Kim Loong Resources

AmInvest
Publish date: Tue, 10 Sep 2024, 10:00 AM
AmInvest
0 9,297
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Kim Loong Resources’ buying momentum is back after it broke out of a 2-week bullish pennant pattern yesterday. With the stock posting a long positive candle and pushing near its multi-year high, additional upside strength may be present in the near term. A bullish bias may emerge above the RM2.40 level with stop-loss set at RM2.28, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.70, followed by RM2.80.

Entry : RM2.40–2.48

Target : RM2.70, RM2.80

Exit : RM2.28

Source: AmInvest Research - 10 Sept 2024

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