AmInvest Research Reports

Stock on Radar - Critical Holdings (CHB)

AmInvest
Publish date: Fri, 01 Nov 2024, 11:51 AM
AmInvest
0 9,378
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)

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

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

Post a Comment