RHB Investment Research Reports

Trading Stocks - SAM Engineering

rhbinvest
Publish date: Mon, 26 Feb 2024, 10:01 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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SAM Engineering and Equipment (M) is consolidating sideways and may undergo a bullish breakout. The stock is testing the MYR4.30 immediate resistance with high volume. In the event it breaks past the immediate resistance, a bullish setup will be confirmed. In this scenario, the stock will climb towards MYR4.60, followed by the MYR5 mark. Conversely, breaching below the MYR4 support will set off a downtrend.

Source: RHB Securities Research - 26 Feb 2024

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