Stock Picks Of The Day — AME Elite Consortium, CPE Technology

AME Elite Consortium is poised for an uptrend rebound after rebounding above the 21-day SMA line on surging volume – it is now eyeing to test the MYR1.80 immediate resistance.

RHB Retail Research in a note today (Mar 27) said 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.

CPE Technology is set to propel higher after demonstrating a breakout yesterday, surpassing the MYR1.08 immediate resistance.

If the breakout sustains, the stock may climb higher towards the all-time high of MYR1.14 before potentially hitting the MYR1.20 mark.

On the contrary, a breach below the MYR1.03 support increases the risk of a downtrend reversal, as it falls beneath the SMA line.

Previous articleU.S. Stocks Edges Back Further From Its All-Time Highs; Krispy Kreme Trump Media & Technology Group Soars
Next articleHang Seng Index Futures: Climbing Above The 20-Day SMA Line

LEAVE A REPLY

Please enter your comment!
Please enter your name here