AmInvest Research Reports
Stock on Radar - Karex (KAREX)
AmInvest
Publish date: Fri, 13 Dec 2024, 09:59 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)
Karex (KAREX | 5247)
Last Price: RM0.945 | Technical Call: BUY
| Support 1: RM0.925 | Resistance 1: RM1.00 |
| Support 2: RM0.88 | Resistance 2: RM1.10 |
| Shariah Compliant: Yes | Sector: Consumer |
Karex's buying momentum is back after it broke out of the 4-week bullish rectangle pattern with a long positive candle yesterday.
As the stock has surged to a new multi-year high, additional upside strength may be present in the coming sessions. A bullish bias may emerge above the RM0.925 level with stop-loss set at RM0.87, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.00, followed by RM1.10.
Entry: RM0.925-0.945
Target: RM1.00, RM1.10
Exit: RM0.87
Source: AmInvest Research - 13 Dec 2024
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