ITMAX System (ITMAX | 5309)
Last Price: RM3.57 | Technical Call: BUY
Support 1: RM3.50 | Resistance 1: RM4.00 |
Support 2: RM3.20 | Resistance 2: RM4.20 |
Shariah Compliant: Yes | Sector: Technology |
ITMAX System's buying interest is back after it broke out of the 6-week bullish rectangle pattern with a long positive candle yesterday. With the stock pushing near its all-time high, supported by its rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM3.50 level with stop-loss set at RM3.18, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM4.00, followed by RM4.20.
Entry: RM3.50-3.57
Target: RM4.00, RM4.20
Exit: RM3.18
Source: AmInvest Research - 24 Sep 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Nov 21, 2024