AmInvest Research Reports

Stock on Radar - S P Setia

AmInvest
Publish date: Wed, 13 Mar 2024, 10:29 AM
AmInvest
0 9,359
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)

S P Setia broke out from its 2-month bullish rectangle pattern with a long white candle yesterday, implying that its previous uptrend may have resumed. As the 20-day and 50-day EMAs have confirmed a bullish crossover since early January, the stock looks positive in the near term. A bullish bias may emerge above the RM0.95 level with stop-loss set at RM0.87, below the 50- day EMA. Towards the upside, near-term resistance level is seen at RM1.06, followed by RM1.10.

Entry : RM0.95–0.98

Target : RM1.06, RM1.10

Exit : RM0.87

Source: AmInvest Research - 13 Mar 2024

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

Post a Comment