AmInvest Research Reports

Stock On Radar - MSM Malaysia Holdings

AmInvest
Publish date: Thu, 18 Jan 2024, 10:32 AM
AmInvest
0 9,378
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

MSM Malaysia shows positive momentum as indicated by a long white candle following the breakout of a flag pattern. Currently, the stock is trading above the 20-day EMA, reinforcing its upward trajectory. The expanding gap between EMA lines further signals a robust bullish trend in the near term. Resistance levels may be offered at RM2.00, followed by RM2.10. Toward the downside, stop-loss is set at RM1.58, positioned below the 50-day EMA.

Entry : RM1.70-1.83

Target : RM2.00, RM2.10

Exit : RM1.58

Source: AmInvest Research - 18 Jan 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment