Spritzer (SPRITZER | 7103)
Last Price: RM2.99 | Technical Call: BUY
Support 1: RM2.85 | Resistance 1: RM3.30 |
Support 2: RM2.70 | Resistance 2: RM3.50 |
Shariah Compliant: Yes | Sector: Consumer |
We expect further upside for Spritzer after it pushed above the RM2.85 resistance and hit a new multi-year high yesterday. The stock also posted two positive candles in a row coupled with its rising EMAs, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM2.85 level with stop-loss set at RM2.68, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM3.30, followed by RM3.50.
Entry: RM2.85-2.99
Target: RM3.30, RM3.50
Exit: RM2.68
Source: AmInvest Research - 20 Nov 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Nov 18, 2024
Created by AmInvest | Nov 15, 2024