AmInvest Research Reports

Stock on Radar - Vestland

AmInvest
Publish date: Wed, 14 Aug 2024, 09:49 AM
AmInvest
0 9,345
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 think the buying momentum for Vestland is still strong after it surged above the RM0.52 resistance and hit a new all-time high yesterday. The stock has marked higher closes since 8 Aug coupled with rising EMAs, hence, the near term bullish trend may still have legs. A bullish bias may emerge above the RM0.52 level with stop-loss set at RM0.47, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.65.

Entry : RM0.52–0.54

Target : RM0.60, RM0.65

Exit : RM0.47

Source: AmInvest Research - 14 Aug 2024

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

Post a Comment