Date: October 21, 2024
Broker: CGS International Securities Malaysia Sdn. Bhd.

Company Overview

ITMAX System is a technology company that specializes in providing advanced integrated systems, including smart city solutions, surveillance, and information technology services. The company focuses on developing innovative technology solutions that cater to various sectors, enhancing connectivity and security.

Recent Stock Performance

• Last Price: RM 3.650
• ITMAX System has shown positive performance, trading above its entry price. The stock’s upward trend reflects growing investor confidence and signals potential for further gains in the near term.

Technical Analysis

• Entry Price: RM 3.570
• Current Price: RM 3.650
• Stop Loss: RM 3.320
• Target Prices: RM 3.86, RM 4.00

Trading Position

• Current Position: Buy
• Weighting in Portfolio: 8%
• Shares Held: 28,000
• Total Cost: RM 99,960.00
• Market Value: RM 102,200.00
• Profit/Loss: +RM 2,240.00 (+2.2%)

Trading Recommendation

The stock is held as a “Buy” in the actively managed portfolio, reflecting confidence in its continued uptrend. The current stop-loss level is set at RM 3.320 to protect against potential downside risks. ITMAX System has shown a solid performance, and traders are encouraged to watch for price movements towards the target levels of RM 3.86 and RM 4.00, where further gains are anticipated.

Conclusion

ITMAX System is performing well, with technical indicators supporting a bullish outlook. The stock’s continued inclusion in the portfolio suggests a strong potential for further appreciation, making it a compelling option for investors seeking exposure to the technology sector. Traders are advised to keep an eye on the key support and resistance levels, while adhering to the stop-loss for risk management.