AmInvest Research Reports

Stock on Radar - Excel Force MSC

Publish date: Tue, 06 Jun 2023, 09:14 AM
0 7,973
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to:

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Together with the white marubozu candlestick and the breakout of the bullish pennant pattern seen on Friday indicates that Excel Force’s buying interest is back. Coupled with the positive cross of its 20-day EMA above the 50-day EMA a few candles back, this crossover has enhanced the near-term upside bias. A bullish bias may emerge above the RM0.41 level, with a stop-loss set at RM0.38, below the 1 Jun low. Towards the upside, the near-term resistance level is seen at RM0.45, followed by RM0.48.

Entry : RM0.41–0.425

Target : RM0.45, RM0.48

Exit : RM0.38

Source: AmInvest Research - 6 Jun 2023

Related Stocks
Market Buzz
Be the first to like this. Showing 0 of 0 comments

Post a Comment