RHB Retail Research
Trading Stocks - AME Elite Consortium
AME Elite Consortium may climb higher after forming a long white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR1.95 level, with an exit set below the MYR1.89 threshold. Towards the upside, the immediate resistance is at the MYR2.10 mark. This is followed by the MYR2.20 level.
Source: RHB Securities Research - 4 Dec 2019
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