RHB Investment Research Reports
Trading Stocks - AME Elite Consortium
rhbinvest
Publish date: Wed, 27 Mar 2024, 06:07 PM
rhbinvest
0 4,390
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
AME Elite Consortium is poised for an uptrend rebound after rebounding above the 21-day SMA line on surging volulme – it is now eyeing to test the MYR1.80 immediate resistance. If a breakout above that level happens – forming a “higher high” bullish pattern – the stock may trend higher towards the 52-week high at MYR1.90, followed by the MYR2 mark. However, a fall below MYR1.65 invalidates the bullish bias.
Source: RHB Securities Research - 27 Mar 2024
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