AmInvest Research Reports

Stock on Radar - KEYFIELD INTERNATIONAL (KEYFIELD)

AmInvest
Publish date: Fri, 17 Jan 2025, 11:25 AM
AmInvest
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KEYFIELD INTERNATIONAL (KEYFIELD | 5321)

Last Price: RM2.39 | Technical Call: BUY

Technical chart: KEYFIELD

Support 1: RM2.30Resistance 1: RM2.60
Support 2: RM2.20Resistance 2: RM2.70
Shariah Compliant: YesSector: Energy

Keyfield International's buying interest is back after it broke out of the 2-week bullish flag pattern with a long positive candle yesterday. As the 20-day and 50-day EMAs have established their bullish crossover since early January, the uptrend may persist in the near term. A bullish bias may emerge above the RM2.30 level with stop-loss set at RM2.18, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.60, followed by RM2.70.

Entry: RM2.30-2.39

Target: RM2.60, RM2.70

Exit: RM2.18

 

Source: AmInvest Research - 17 Jan 2025

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