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Technical Stock Pick - APM Automotive Holdings Bhd
Technical Stock Pick - APM Automotive Holdings Bhd
Closed: RM1.82
Resistance: (R1) RM1.88/(R2) RM1.98
Support: (S1) RM1.73 /(S2) RM1.65
APM Automotive Holdings Bhd (5015) rose 3 sen to RM1.82 to break out from the 200-day moving average (orange line).
Technical indicators are encouraging with the MACD crossing above its signal line and the RSI has just entered the overbought zone.
After Friday’s surge, the stock could pull back but has a chance to extend its rebound if share price sustains above RM1.78 where the 200-day moving average (orange line) stands. For the downside, we advise traders to cut loss if the price falls below the immediate support of RM1.73.
After Friday’s surge, the stock could pull back but has a chance to extend its rebound if share price sustains above RM1.78 where the 200-day moving average (orange line) stands. For the downside, we advise traders to cut loss if the price falls below the immediate support of RM1.73.
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
