P.I.E. Industrial (PIE | 7095)
Last Price: RM5.80 | Technical Call: BUY
Support 1: RM5.50 | Resistance 1: RM6.60 |
Support 2: RM5.00 | Resistance 2: RM7.30 |
Shariah Compliant: Yes | Sector: Industrial |
P.I.E. INDUSTRIAL posted two consecutive positive long candles and closed above the RM5.50 resistance two sessions ago, suggesting a return of buying interest. With its 20-day and 50-day EMAs now converging and likely to turn upward in the near term, additional strength may be anticipated in the coming sessions. A bullish bias may emerge above the RM5.50 level with stop-loss set at RM4.98, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM6.60, followed by RM7.30.
Entry: RM5.50-5.80
Target: RM6.60, RM7.30
Exit: RM4.98
Source: AmInvest Research - 14 Nov 2024
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Created by AmInvest | Nov 14, 2024