Rakuten Trade Research Reports
Technical View - AME Elite Consortium Bhd
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Publish date: Fri, 28 May 2021, 11:00 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
AME Elite Consortium Bhd (AME, 5293)
• 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
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