Rangebound with support 1.95 resistance 2.25

Price increased above its MA20 level of 79.5 sen yesterday. Now the challenge is whether can stay above 80 sen to keep the short term uptrend intact.

Support 1.82
Resistance 2.00

Support 1.80 resistance 2.20

Price still in downtrend

Support 2.55
Resistance 2.87

Long term still uptrend with price above moving average 200.

Near term rangebound with support at 8.75 and resistance 9.05

Rangebound with support at 1.90 and resistance 2.20

Uptrend intact with price above MA20, MA50 and MA200

The stock rose above all 20-day, 50-day and 200-day Moving Average (MA) with higher trading volume. The positive move is supported by Quarter 1 FY 2024 earnings announcement on 11-Sep with Q1 earnings +27% QoQ and 36% YoY. This is a sign of further gains due to positive technical breakouts and improved fundamentals.

Both the MACD and RSI are rising, suggesting an increase in buying momentum.

The strategy is to long Magni. This breakout could drive prices upward, targeting historical resistance levels at RM2.10 and RM2.18.

Share price is trying to reverse short term downtrend.

Today's increase although +5% but lacks power due to low volume against yesterday.

Price has to regain 80.5 sen level and above quickly and stays for extended period to continue short term bull.

Support: 75 sen
Resistance: 80.5 sen

Share price turned bearish as it is now below MA20, 50 and MA200.

It has to increase above 44 sen and stay above that for an extended period to reverse this bearish trend.

Support 1: 41 sen
Resistance 1: 44 sen

If 41 sen cannot stand, support 2 is 38 sen.

Long term uptrend intact with price above MA200.

Near term rangebound:
Support 1.82
Resistance 1.99

Positive outlook remains intact as price stays above all MA20, MA50 and MA200.

Trend is still bullish. Price above MA20, MA50 and MA200.

This suggest high confidence in the stock over short, mid and long term.

Still in bearish trend despite recent rebound as it is below MA20. It has to close above 2.24 then 2.44 to reverse the downtrend.

Uptrend intact as price stays above all MA20, MA50 and MA200.

Share price just close at 1.18, regained the territory of above MA20 level of 1.17 yesterday.

This suggest strong confidence in the stock over short, mid and long term.

Uptrend intact with price above all MA20, MA50 and MA200.

Share price survived temporary correction to MA20 level in the past 1 week and rebounded strongly.

This suggest strong confidence in the stock over short, mid and long term.

Support 2.33, Resistance 2.56

Support 1.89, resistance 2.05

Must rise above 47.5 sen to sustain uptrend

Uptrend intact

Still downtrend as price below all MA20,50 and 200

Wah drop ahead of result today?

Support at 73.5 sen. Downtrend because price below MA20, MA50 and MA200.

Downtrend intact because price below MA20, MA50 and MA200.
Short term rebound from all time low.

Uptrend intact with resistance at 85 sen

Still downtrend but oversold

1st resistance 85 sen, 2nd at 94 sen.

Support at 79.5 sen which is the MA20.

long term uptrend intact as share price is above MA200 since early of the year

Uptrend intact with support at 79.5 sen which is the MA20.

Downtrend intact with price below MA20. MA50 and MA200

Short term support MA20 at 70 sen. Interesting point now..

Rangebound 45-48.5 sen

Short term support 79 sen

Downtrend intact, price below MA20, 50 and 200.

Long term uptrend intact as share price remains above MA200. Price is now at support of 1.13-1.14 which is the price when Golden Cross is formed on 10-Aug-2023.

Downtrend with price below MA20, MA50 and MA200

Still uptrend with price above MA20, 50 and 200.
But RSI overbought.

Golden cross formed on 1-Sep when MA20 cross above MA50

Mixed outlook with price above MA200 but below MA50 and MA20.

If drop below 45.5 sen then trend turn negative

Uptrend with price above MA20, 50 and 200

Surprisingly, this stock is at All Time High

Mixed signal technically:
1. Share price above MA20, 50 and 200. (positive)
2. RSI weakening (negative)

Bullish view technically due to:

1. The stock ends at 6 months high today.
2. Both RSI and MACD are strengthening.

Short term outlook downtrend because price now below MA20.
Medium term depends whether can stay above 46.5 sen (MA50).

Formed Death Cross pattern since 24/8, share price below all MA20,50 and 200. Means downtrend still...

It is rare to see company with share price above RM10 limit down

if drop below 18.96 the 200 days MA, then long term uptrend also gone...

+201% in the past 1 year

+510% in the past 1 year