RHB Retail Research
Technical Analysis - SAM Engineering
SAM Engineering has been consolidating sideways below the MYR8.38 resistance mark in recent sessions. A bullish bias may emerge above this point, as it could indicate the said consolidation phase has reached an end and that the stock may resume its uptrend. Towards the upside, immediate resistance is marked at MYR8.80, followed by MYR9.00. For risk management purposes, a stop-loss can be placed below the MYR8.17 support.
Source: RHB Securities Research - 19 Nov 2018
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