AmInvest Research Reports
Stock on Radar - ITMAX System (ITMAX)
AmInvest
Publish date: Fri, 22 Nov 2024, 09:42 AM
AmInvest
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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: RM3.65 | Technical Call: BUY
| Support 1: RM3.60 | Resistance 1: RM4.00 |
| Support 2: RM3.36 | Resistance 2: RM4.20 |
| Shariah Compliant: Yes | Sector: Technology |
ITMAX System broke out from its 3-week rectangle pattern with another positive candle yesterday, implying that a bullish reversal sign may have occurred. In view that the 20-day and 50-day EMAs are starting to turn upwards again, additional upward momentum may be present in the near term. A bullish bias may emerge above the RM3.60 level with stop-loss set at RM3.34, below the 13 Nov low. Towards the upside, near-term resistance level is seen at RM4.00, followed by RM4.20.
Entry: RM3.60-3.65
Target: RM4.00, RM4.20
Exit: RM3.34
Source: AmInvest Research - 22 Nov 2024
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