RHB Retail Research
Trading Stocks - SAM Engineering & Equipment (M)
SAM Engineering & Equipment may climb higher after forming a white candle and leaving an upside gap. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR8.40 level, with an exit set below the MYR8.10 threshold. Towards the upside, the immediate resistance is at the MYR8.70 level. This is followed by the MYR9.00 level.
Source: RHB Securities Research - 9 Jul 2019
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