AmInvest Research Reports
Stock on Radar - Matrix Concepts (MATRIX)
AmInvest
Publish date: Mon, 23 Sep 2024, 10:38 AM
AmInvest
0 9,464
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)
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)
Matrix Concepts (MATRIX | 5236)
Last Price: RM2.02 | Technical Call: BUY
| Support 1: RM1.95 | Resistance 1: RM2.20 |
| Support 2: RM1.87 | Resistance 2: RM2.30 |
| Shariah Compliant: Yes | Sector: Property |
We expect further upside for Matrix Concepts given that it has successfully taken out the RM1.95 key resistance with a long positive candle on Friday. The stock also posted 2 positive candles in a row and hit a new record high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM1.95 level with stop-loss set at RM1.85, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.30.
Entry: RM1.95-2.02
Target: RM2.20, RM2.30
Exit: RM1.85
Source: AmInvest Research - 23 Sep 2024
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on AmInvest Research Reports
EQ8 DJ Islamic 25 - Bursa ETF Watch: Upside driven by plantation sector
Created by AmInvest | Dec 20, 2024
Hektar Real Estate Investment Trust - Uplift in revenue and distributional income in FY25
Created by AmInvest | Dec 19, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-12-23 16:55:00
EMA 5
5 Mins
SELL
2024-12-23 16:20:00
TURTLE SYSTEM 20
10 Mins
SELL
2024-12-23 16:10:00
TURTLE SYSTEM 20
5 Mins
SELL
2024-12-23 16:10:00
TURTLE SYSTEM 55
5 Mins
SELL
2024-12-23 15:50:00
TURTLE SYSTEM 55
5 Mins
BUY
Apps
Top Articles
1
save malaysia!
2
3
Stock Market Enthusiast
5
6
save malaysia!
7
Good Articles to Share
Taiwan warns law changes may have ‘serious impacts’ on budget
8
Good Articles to Share
Gold extends gains as US inflation data ease rate cut worries
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
