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Posted on September 6, 2024 at 8:48 am (GMT+8)
Recommendation: BUY Target Prices: RM 0.88, RM 0.93 Stop Loss: RM 0.785 Entry Prices: RM 0.835 – RM 0.845 Broker: CGS-CIMB Securities Date of Recommendation: 6th September 2024
Haily Group, a construction-focused company, has broken out of a 3-week wedge pattern, signaling strong bullish momentum. The stock is supported by improving EMAs and a golden cross on the MACD, indicating that the bulls are in charge.
Valuation and Financials: Haily Group is trading at RM 0.845 and is expected to reach target prices of up to RM 0.93. The technical indicators show strong momentum, making it a favorable buy for investors.
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