AME Elite Consortium has been undergoing a relatively narrow sideways consolidation over the past week or so, above the rising 21-day SMA line. Towards the upside, an upside breach of the MYR1.78 resistance could signal the resumption of the uptrend. The following resistance levels are at MYR1.85, followed by MYR1.92. A stop-loss can be placed below MYR1.73.
Source: RHB Securities Research - 3 Jun 2020
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Created by rhboskres | Aug 26, 2024