Ramssol Group (RAMSSOL | 0236)
Last Price: RM0.76 | Technical Call: BUY
Support 1: RM0.74 | Resistance 1: RM0.85 |
Support 2: RM0.69 | Resistance 2: RM0.90 |
Shariah Compliant: Yes | Sector: Technology |
Ramssol Group broke out from its 1-week bullish flag pattern yesterday, implying that its previous uptrend may have resumed. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.74 level with stop-loss set at RM0.68, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.85, followed by RM0.90.
Entry: RM0.74-0.76
Target: RM0.85, RM0.90
Exit: RM0.68
Source: AmInvest Research - 15 Jan 2025
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Created by AmInvest | Jan 14, 2025