AmInvest Research Reports
Stock on Radar - Magni-Tech Industries
AmInvest
Publish date: Fri, 14 Jun 2024, 10:35 AM
AmInvest
0 9,365
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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)
Magni-Tech Industries may trend higher after it broke above the RM2.30 resistance and hit a new 52-week high yesterday. 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 RM2.30 level, with a stop-loss set at RM2.16, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM2.50, followed by RM2.70.
Entry : RM2.30–2.33
Target : RM2.50, RM2.70
Exit : RM2.16
Source: AmInvest Research - 14 Jun 2024
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