AmInvest Research Reports

Stock on Radar - Critical Holdings (CHB)

AmInvest
Publish date: Fri, 01 Nov 2024, 11:51 AM
AmInvest
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Critical Holdings (CHB | 0291)

Last Price: RM1.05 | Technical Call: BUY

Technical chart: CHB

Support 1: RM1.00Resistance 1: RM1.15
Support 2: RM0.96Resistance 2: RM1.20
Shariah Compliant: YesSector: Industrial

Critical Holdings broke out from its 2-week bullish flag pattern on Wednesday, implying that its previous uptrend may have resumed. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in early October, the uptrend may persist in the near term. A bullish bias may emerge above the RM1.00 level with stop-loss set at RM0.95, below the 50-day EMA.

Towards the upside, near-term resistance level is seen at RM1.15, followed by RM1.20.

Entry: RM1.00-1.05

Target: RM1.15, RM1.20

Exit: RM0.95

 

Source: AmInvest Research - 1 Nov 2024

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