sothye

ATAIMS - new ATH?

Long
MYX:ATAIMS   ATA IMS BERHAD
In H4, the stock just breakout from symmetrical triangle. Let the price breakout Lower High (LH) 2.35 for safer entry. MACD+RSI gives a breakout+momentum signal.

EP 2.36
TP 2.40, 2.47, 2.83 (Triangle opening), 2.91 (Fibo 1.272)
SL 2.18, 2.1, 2.02

Being one of sector leader in Containers and Packaging, ATAIMS is a heavy stock with very small balance float (7% of 1204M shares), still competitive with its lighter competitor TGUAN (25% of 380M shares).

TAYOR

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.