Critical Holdings (CHB | 0291)
Last Price: RM1.05 | Technical Call: BUY
Support 1: RM1.00 | Resistance 1: RM1.15 |
Support 2: RM0.96 | Resistance 2: RM1.20 |
Shariah Compliant: Yes | Sector: 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
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Dec 20, 2024
Created by AmInvest | Dec 19, 2024