Kenanga Research & Investment
Highlights / Stock Picks of the Day - Deleum Berhad (“DELEUM”) - Not Rated
DELEUM’s share price has broken out of a “Falling Wedge” pattern. The 14-day Stochastic and RSI have also hooked up, and we reckon that this could be a prelude to a new up-cycle. Traders should watch for any follow-through momentum and should the breakout prove genuine, the share price could potentially rally towards the RM3.86 high, and possibly RM4.48 next.
Source: Kenanga
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