Three-A Resources (TARE MK)
Technical Overview and Stock Performance:
- Last Price: RM0.925
- Target Price: RM0.995, RM1.04
- Support Level: RM0.885
- Stop-loss Level: RM0.88
Three-A Resources is also demonstrating positive technical momentum. The stock successfully closed above the BBI line, indicating that investor sentiment has improved. Both the RSI and MACD indicators are showing positive signals, which further support the case for continued upward movement in the stock price. The DMI (Directional Movement Index) is also aligned positively, reinforcing the expectation of further gains.
- Investment Recommendation: A Technical Buy is recommended, with a potential upside of 12.4%. The stock’s first target price is RM0.995, followed by a second target of RM1.04. The stop-loss is set at RM0.88 to limit potential losses.
- Expected Timeframe: The expected timeframe for this trade is two weeks to two months, similar to Ann Joo, depending on the stock’s momentum and overall market conditions.
Three-A Resources is well-positioned for a continued upward trajectory, backed by strong technical indicators that signal the likelihood of future price appreciation in the near term.
Thank you
