RHB Retail Research
Trading Stocks - SAM Engineering & Equipment (M)
SAM Engineering & Equipment may climb higher after posting a long white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR8.40 level, with an exit set below the MYR8.06 threshold. Towards the upside, the immediate resistance is at MYR9.00. This is followed by the MYR9.50 level.
Source: RHB Securities Research - 25 Jul 2019
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