AmInvest Research Reports

Stock On Radar - Hong Leong Industries

AmInvest
Publish date: Wed, 28 Aug 2024, 09:27 AM
AmInvest
0 9,354
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)

Hong Leong Industries may rise higher after it gapped up and hit a new multi-year high yesterday. The stock’s move above the RM11.80 resistance coupled with rising EMAs indicate that the near term bullish trend may persist. A bullish bias may emerge above the RM11.80 level with stop-loss set at RM10.50, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM13.00, followed by RM14.00.

Entry : RM11.80–12.12

Target : RM13.00, RM14.00

Exit : RM10.50

Source: AmInvest Research - 28 Aug 2024

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

Post a Comment