Life Water (LWSABAH | 5328)
Last Price: RM0.93 | Technical Call: BUY
Support 1: RM0.90 | Resistance 1: RM1.00 |
Support 2: RM0.84 | Resistance 2: RM1.10 |
Shariah Compliant: Yes | Sector: Consumer |
Life Water may rise higher after it surged to a 1-month high and closed above the RM0.90 resistance on Tuesday. The stock also broke out from the 2-week bullish rectangle pattern with a long positive candle, which likely indicates that the near-term upward momentum may persist. A bullish bias may emerge above the RM0.90 level with stop-loss set at RM0.83, below the 20- day EMA. Towards the upside, near-term resistance level is seen at RM1.00, followed by RM1.10.
Entry: RM0.90-0.93
Target: RM1.00, RM1.10
Exit: RM0.83
Source: AmInvest Research - 26 Dec 2024
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Created by AmInvest | Dec 20, 2024