Spritzer Berhad (SPRITZER, 7103)

• SPRITZER broke out from its rectangular pattern and closed above the EMAs last Friday, indicatinggrowing buying interests. The alignment of healthy EMAs and the uptick in RSI further reinforces the stock's potential for a sustainable upward trend.

• Thus, we expect the stock to test the next resistance at RM3.15 (R1) followed by RM3.26 (R2) in thenear term.

• On the downside, stop-loss is set at RM2.87.

Source: Rakuten Research - 27 Jan 2025

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