Vestland’s buying interest is back after it broke out of the 2-week bullish flag pattern with a long positive candle yesterday. In conjunction with a bullish hammer pattern formed on 26 Jul and positive slopes of its EMAs, the uptrend may persist in the near term. A bullish bias may emerge above the RM0.48 level with stop-loss set at RM0.45, below the 26 Jul low. Towards the upside, near-term resistance level is seen at RM0.55, followed by RM0.60.
Entry : RM0.48–0.49
Target : RM0.55, RM0.60
Exit : RM0.45
Source: AmInvest Research - 31 Jul 2024
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Created by AmInvest | Nov 21, 2024
Mie7677
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2024-07-31 19:18