Scientex may trend higher after it surged to a new 52-week high and closed above the key RM4.00 resistance 2 sessions ago. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upward momentum may be present in the near term. A bullish bias may emerge above the RM4.00 level with stop-loss set at RM3.68, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM4.50, followed by RM5.00.

Entry : RM4.00–4.11

Target : RM4.50, RM5.00

Exit : RM3.68

Source: AmInvest Research - 1 Apr 2024