Spritzer Bhd

• SPRITZER may trend higher after breaking out from its two-week bullish rectangular pattern, with a long white candle last Friday. In view of the stock hitting a new 52 week high with its fifth consecutive white candles, the uptrend may continue in the near term.

• We expect the rising momentum to steer the stock higher and test the next level of resistance of RM2.85 (R1), followed by RM3.00 (R2).

• On the downside, stop-loss is set at RM2.37, below the 50-day EMAs.
  

Source: Rakuten Research - 4 Jun 2024

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo