AmInvest Research Reports
Stock on Radar - Mikro MSC
AmInvest
Publish date: Tue, 13 Aug 2024, 12:43 PM
AmInvest
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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)
Mikro MSC may rise higher after it gapped up and pushed above the RM0.28 resistance yesterday. The stock also posted 5 positive candles in a row and hit a new 52-week high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM0.28 level with stop-loss set at RM0.25, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.32, followed by RM0.35.
Entry : RM0.28–0.295
Target : RM0.32, RM0.35
Exit : RM0.25
Source: AmInvest Research - 13 Aug 2024
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