SCIENTEX (SCIENTEX | 4731)
Last Price: RM4.49 | Technical Call: BUY
Support 1: RM4.40 | Resistance 1: RM4.80 |
Support 2: RM4.20 | Resistance 2: RM5.00 |
Shariah Compliant: Yes | Sector: Industrial |
SCIENTEX may rise higher after it formed a long positive candle and hit a new 52-week high yesterday. As the 20-day and 50-day EMAs have confirmed their bullish crossover a week ago, the stock looks positive in the near term. A bullish bias may emerge above the RM4.40 level with stop-loss set at RM4.18, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM4.80, followed by RM5.00.
Entry: RM4.40-4.49
Target: RM4.80, RM5.00
Exit: RM4.18
Source: AmInvest Research - 8 Oct 2024
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Created by AmInvest | Nov 21, 2024