AmInvest Research Reports

Stock on Radar - Malayan Cement

AmInvest
Publish date: Mon, 26 Feb 2024, 10:43 AM
AmInvest
0 9,338
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)

We expect further upside for Malayan Cement after it posted a long white candle and hit a new 52-week high on Friday. The stock’s move above the RM5.00 psychological mark coupled with rising EMAs indicates that the near term bullish trend may persist. A bullish bias may emerge above the RM4.90 level with stop-loss set at RM4.52, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM5.30, followed by RM5.50.

Entry : RM4.90–5.04

Target : RM5.30, RM5.50

Exit : RM4.52

Source: AmInvest Research - 26 Feb 2024

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

Post a Comment