AmInvest Research Reports

Stock on Radar - Fajarbaru Builder Group

AmInvest
Publish date: Thu, 18 Jul 2024, 09:04 AM
AmInvest
0 9,378
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 Fajarbaru Builder Group after it recouped the previous session’s losses and pushed higher from its RM0.50 support. The stock pushing near its all-time high, supported by rising EMAs, likely indicate that the upward momentum may be picking up. A bullish bias may emerge above the RM0.50 level with stop-loss set at RM0.47, below the 10 Jul low. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.65.

Entry : RM0.50–0.54

Target : RM0.60, RM0.65

Exit : RM0.47

Source: AmInvest Research - 18 Jul 2024

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

Post a Comment