SAMAIDEN

Sector: Industrial products & services/ Solar EPCC

Analyzed on 19/12/2021

SAMAIDEN has been on a downtrend since Feb-2021 after hitting a high of RM2.10 not long after its IPO in October 2020. Together with its share price, EMA25 & 50 are also down trending with its share price below its EMAs. Furthermore, the KLSE has been lacklustre since Budget for Year 2022 was announced, thus contributing to lower trading volume generally. Recently, SAMAIDEN share price has climbed above its EMA25/50 after forming double bottom at support level of RM1.02. Although the reversal from downtrend has not confirmed yet, it might be worth monitoring SAMAIDEN for potential trend reversal.  

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NOTT INVEST 

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