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AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 18 Apr 2024, 4:34 PM

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Stock on Radar - Gas Malaysia

Author:   |    Publish date:

Gas Malaysia posted three white candles in a row and its 20-day EMA has started to turn up yesterday, likely indicating the return of buying interest. Given that the stock has broken out from the 4-month bullish triangle formation as well, the resumption of its previous uptrend may be taking place now. A bullish bias may emerge above the RM3.35 level, with a stop-loss set at

RM3.18, below 26 Oct’s low. Towards the upside, the near-term resistance level is seen at RM3.60, followed by RM3.80.

Entry : RM3.35–3.44

Target : RM3.60, RM3.80

Exit : RM3.18

Source: AmInvest Research - 24 Nov 2022

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Labels: GASMSIA

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Chart Stock Name Last Change Volume 
GASMSIA 3.52 0.00 (0.00%) 0 

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