AmInvest Research Reports

Stock on Radar - Ramssol Group (RAMSSOL)

AmInvest
Publish date: Wed, 15 Jan 2025, 09:00 AM
AmInvest
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Ramssol Group (RAMSSOL | 0236)

Last Price: RM0.76 | Technical Call: BUY

Technical chart: RAMSSOL

Support 1: RM0.74Resistance 1: RM0.85
Support 2: RM0.69Resistance 2: RM0.90
Shariah Compliant: YesSector: Technology

Ramssol Group broke out from its 1-week bullish flag pattern yesterday, implying that its previous uptrend may have resumed. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.74 level with stop-loss set at RM0.68, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.85, followed by RM0.90.

Entry: RM0.74-0.76

Target: RM0.85, RM0.90

Exit: RM0.68

Source: AmInvest Research - 15 Jan 2025

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