Luxchem's uptrend is likely to extend after it reached a five-year high yesterday. A purchase can be made above the broken RM1.20 resistance level, while a close below last week's low of RM1.18 can be employed as a stop-loss. The price target is RM1.40, with selling also anticipated at RM1.30. A close back below RM1.20 may signal a false breakout and weakness is confirmed on a close below RM1.18. Strong support lies at RM1.10.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4407 views | 4 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....