AmInvest Research Reports

Stock on Radar - SMRT Holdings (SMRT)

AmInvest
Publish date: Fri, 25 Oct 2024, 03:51 PM
AmInvest
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SMRT Holdings (SMRT | 0117)

Last Price: RM1.14 | Technical Call: BUY

Technical chart: SMRT

Support 1: RM1.10Resistance 1: RM1.21
Support 2: RM1.01Resistance 2: RM1.30
Shariah Compliant: YesSector: Technology

SMRT Holdings may rise higher after hit its 1-month high with a long positive candle yesterday. As the 20-day and 50-day EMAs are about to confirm their bullish crossover, the stock looks positive in the near term. A bullish bias may emerge above the RM1.10 level with stop-loss set at RM1.00, below the 30 Sep low. Towards the upside, near-term resistance level is seen at RM1.21, followed by RM1.30.

Entry: RM1.10-1.14

Target: RM1.21, RM1.30

Exit: RM1.00

 

Source: AmInvest Research - 25 Oct 2024

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