Taliworks Corporation broke out from a 2-month bullish flag pattern on Friday, implying that its previous uptrend may have resumed. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM0.81 level, with stop-loss set at RM0.76, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.90, followed by RM0.95.
Entry : RM0.81–0.835
Target : RM0.90, RM0.95
Exit : RM0.76
Source: AmInvest Research - 2 Jan 2024
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Created by AmInvest | Sep 19, 2024
Created by AmInvest | Sep 17, 2024