RHB Retail Research
Trading Stocks - SAM Engineering & Equipment (M)
SAM Engineering & Equipment was testing the MYR7.50 level in its latest session. A bullish bias may be present above this point with a target price of MYR7.75, followed by MYR8.00. The stock may turn sideways if it cannot breach above the MYR7.50 threshold in the near term. Support may be found at MYR7.20, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 7 Jan 2019
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