AmInvest Research Reports
Stock on Radar - SCIENTEX (SCIENTX)
AmInvest
Publish date: Wed, 06 Nov 2024, 11:06 AM
AmInvest
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An official blog in I3investor to publish research reports provided by AmInvest research team.
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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)
SCIENTEX (SCIENTX | 4731)
Last Price: RM4.65 | Technical Call: BUY
| Support 1: RM4.55 | Resistance 1: RM5.00 |
| Support 2: RM4.34 | Resistance 2: RM5.20 |
| Shariah Compliant: Yes | Sector: Industrial |
SCIENTEX posted 3 positive candles in a row and hit a new 52-week high yesterday, likely indicating the return of buying interest. 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 RM4.55 level with stop-loss set at RM4.32, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM5.00, followed by RM5.20.
Entry: RM4.55-4.65
Target: RM5.00, RM5.20
Exit: RM4.32
Source: AmInvest Research - 6 Nov 2024
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