AmInvest Research Reports

Stock on Radar - Spritzer (SPRITZER)

AmInvest
Publish date: Wed, 20 Nov 2024, 09:26 AM
AmInvest
0 9,463
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)

Spritzer (SPRITZER | 7103)

Last Price: RM2.99 | Technical Call: BUY

Technical chart: SPRITZER

Support 1: RM2.85Resistance 1: RM3.30
Support 2: RM2.70Resistance 2: RM3.50
Shariah Compliant: YesSector: Consumer

We expect further upside for Spritzer after it pushed above the RM2.85 resistance and hit a new multi-year high yesterday. The stock also posted two positive candles in a row coupled with its rising EMAs, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM2.85 level with stop-loss set at RM2.68, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM3.30, followed by RM3.50.

Entry: RM2.85-2.99

Target: RM3.30, RM3.50

Exit: RM2.68

 

Source: AmInvest Research - 20 Nov 2024

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

Post a Comment