AmInvest Research Reports

Stock on Radar - Spritzer (SPRITZER)

AmInvest
Publish date: Fri, 11 Oct 2024, 09:35 AM
AmInvest
0 9,334
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)

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

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

Post a Comment