RHB Retail Research
Technical Analysis - SAM Engineering & Equipment (M)
SAM Engineering & Equipment was testing the MYR8.38 level in recent session. A bullish bias may be present above this point with a target price of MYR9.00, followed by MYR9.50. The stock may take a breather if it cannot breach above the MYR8.38 threshold decisively in the coming sessions. Support may be found at MYR7.90, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 13 Nov 2018
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