We believe Sports Toto’s near-term upside potential remains intact after it formed a bullish hammer pattern yesterday. As the stock has recovered above the RM1.50 threshold and EMAs have been rising for a few months, it still looks positive in the near term. A bullish bias may emerge above the RM1.50 level with stop-loss set at RM1.43, below the 20 May low. Towards the upside, near-term resistance level is seen at RM1.70, followed by RM1.80.

Entry : RM1.50–1.60

Target : RM1.70, RM1.80

Exit : RM1.43

Source: AmInvest Research - 6 Aug 2024