SFP Tech Holdings (SFPTECH | 0251)
Last Price: RM0.685 | Technical Call: BUY
Support 1: RM0.67 | Resistance 1: RM0.75 |
Support 2: RM0.63 | Resistance 2: RM0.80 |
Shariah Compliant: Yes | Sector: Technology |
We expect further upside for SFP Tech Holdings after it formed a long positive candle and hit its 2-month high yesterday. As the 20-day and 50-day EMAs are converging now and likely to confirm its bullish crossover soon, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.67 level with stop-loss set at RM0.62, below the 25 Nov low. Towards the upside, near-term resistance level is seen at RM0.75, followed by RM0.80.
Entry: RM0.67-0.685
Target: RM0.75, RM0.80
Exit: RM0.62
Source: AmInvest Research - 26 Nov 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Nov 25, 2024