AmInvest Research Reports

Stock on Radar - Spritzer (SPRITZER)

AmInvest
Publish date: Fri, 11 Oct 2024, 09:35 AM
AmInvest
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Spritzer (SPRITZER | 7103)

Last Price: RM2.85 | Technical Call: BUY

Technical chart: SPRITZER

Support 1: RM2.75Resistance 1: RM3.00
Support 2: RM2.60Resistance 2: RM3.30
Shariah Compliant: YesSector: Consumer

Spritzer may trend higher after it surged to a new multi-year high and closed above the RM2.75 resistance yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional strength may be present in the near term. A bullish bias may emerge above the RM2.75 level with stop-loss set at RM2.58, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM3.00, followed by RM3.30.

Entry: RM2.75-2.85

Target: RM3.00, RM3.30

Exit: RM2.58

 

Source: AmInvest Research - 11 Oct 2024

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