AmInvest Research Reports

Stock on Radar - SFP Tech Holdings (SFPTECH)

AmInvest
Publish date: Tue, 26 Nov 2024, 03:08 PM
AmInvest
0 9,391
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)

SFP Tech Holdings (SFPTECH | 0251)

Last Price: RM0.685 | Technical Call: BUY

Technical chart: SFPTECH

Support 1: RM0.67Resistance 1: RM0.75
Support 2: RM0.63Resistance 2: RM0.80
Shariah Compliant: YesSector: Technology

We expect further upside for SFP Tech Holdings after it formed a long positive candle and hit its 2-month high yesterday. As the 20-day and 50-day EMAs are converging now and likely to confirm its bullish crossover soon, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.67 level with stop-loss set at RM0.62, below the 25 Nov low. Towards the upside, near-term resistance level is seen at RM0.75, followed by RM0.80.

Entry: RM0.67-0.685

Target: RM0.75, RM0.80

Exit: RM0.62

Source: AmInvest Research - 26 Nov 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment