HSS Engineers Bhd

• Share price closed 5.23% higher at RM0.805 on Tuesday.

• HSSEB has been on an uptrend since mid-August 2023. It broke through 2 resistance levels at RM0.77 and RM0.78 with spike of high buying volume and attempted to break its current level, reaching its 52-week peak of RM0.815 yesterday. Coupled with indicators showing uptick momentum, share price is expected to move higher.

• Resistance level is identified at RM0.805 (R1).

• On the flipside, support levels are pegged at RM0.695 (S1) and RM0.68 (S2).

Source: Rakuten Research - 27 Sept 2023

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