• AME closed 3.6% or 8 sen higher to RM2.30 yesterday.
• AME formed a breakout at RM2.26 accompanied with a higher-than-average trading volume providing positive technical signals. The buying momentum is further reinforced by the bullish crossover of MACD, implying higher upside for share price.
• Resistance levels are expected at RM2.34 (R1) and RM2.50 (R2).
• On contrary, support levels are identified at RM2.17 (S1) and RM2.12 (S2).
Source: Rakuten Research - 28 May 2021
Chart | Stock Name | Last | Change | Volume |
---|
Created by rakutentrade | Nov 22, 2024