RHB Investment Research Reports

Trading Stocks - AME Elite Consortium

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Publish date: Wed, 27 Mar 2024, 06:07 PM
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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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