AmInvest Research Reports
Stock on Radar - ITMAX System (ITMAX)
AmInvest
Publish date: Thu, 10 Oct 2024, 09:29 AM
AmInvest
0 9,463
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)
ITMAX System (ITMAX | 5309)
Last Price: RM3.74 | Technical Call: BUY
| Support 1: RM3.63 | Resistance 1: RM4.00 |
| Support 2: RM3.34 | Resistance 2: RM4.20 |
| Shariah Compliant: Yes | Sector: Technology |
We expect further upside for ITMAX System after it pushed above the RM3.63 resistance and hit a new 52-week high yesterday. Given that the stock has broken out from the 8-week bullish volatility contraction pattern (VCP) as well, the resumption of its previous uptrend may be taking place now. A bullish bias may emerge above the RM3.63 level with stop-loss set at RM3.32, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM4.00, followed by RM4.20.
Entry: RM3.63-3.74
Target: RM4.00, RM4.20
Exit: RM3.32
Source: AmInvest Research - 10 Oct 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
Latest Videos
Apps
Top Articles
1
Stock Market Enthusiast
Top 3 AI/Data Center Newsflow for the 3rd Week of December - #TENAGA, #YTL, #YTLPOWER
2
Rakuten Trade Research Reports
3
save malaysia!
4
Good Articles to Share
5
Good Articles to Share
6
Good Articles to Share
Gaza ceasefire deal 'closer than ever', says Hamas and two allies
7
Good Articles to Share
Ryan Serhant makes bold pitch to fix the housing ‘affordability crisis’
8
Good Articles to Share
#
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....
