Spritzer (SPRITZER | 7103)
Last Price: RM2.85 | Technical Call: BUY
Support 1: RM2.75 | Resistance 1: RM3.00 |
Support 2: RM2.60 | Resistance 2: RM3.30 |
Shariah Compliant: Yes | Sector: Consumer |
Spritzer may trend higher after it surged to a new multi-year high and closed above the RM2.75 resistance yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional strength may be present in the near term. A bullish bias may emerge above the RM2.75 level with stop-loss set at RM2.58, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM3.00, followed by RM3.30.
Entry: RM2.75-2.85
Target: RM3.00, RM3.30
Exit: RM2.58
Source: AmInvest Research - 11 Oct 2024
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Created by AmInvest | Nov 21, 2024