AmInvest Research Reports

Stock on Radar - ITMAX System

AmInvest
Publish date: Fri, 02 Feb 2024, 10:14 AM
AmInvest
0 9,382
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)

ITMAX System may trend higher after it broke above the RM1.90 resistance and hit a new record high on Wednesday. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the near term. A bullish bias may emerge above the RM1.90 level, with stop-loss set at RM1.78, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.30.

Entry : RM1.90–2.00

Target : RM2.20, RM2.30

Exit : RM1.78

Source: AmInvest Research - 2 Feb 2024

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

Post a Comment