AmInvest Research Reports

Stock on Radar - Life Water (LWSABAH)

AmInvest
Publish date: Thu, 26 Dec 2024, 10:17 AM
AmInvest
0 9,471
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)

Life Water (LWSABAH | 5328)

Last Price: RM0.93 | Technical Call: BUY

Technical chart: LWSABAH

Support 1: RM0.90Resistance 1: RM1.00
Support 2: RM0.84Resistance 2: RM1.10
Shariah Compliant: YesSector: 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

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

Post a Comment