Ceramic tile maker SEACERA gained 16 sen or (+17.20%) with a surge in volume to close at RM1.09 due to strong market interest after it entered into a MOU with Intelligent Fence Sdn Bhd to participate in the tender for a project to build, operate, and transfer an electricity fence along the national border of Malaysia and Thailand. SEACERA has since broken out from its 8-month uptrend channel resistance level of RM0.96. The MACD is in an uptrend with positive divergence, signaling overwhelming buying interest. RSI and Stochastic indicators are also hooking upwards, lending a hand to the bullish bias. We believe follow-through buying interest could rally the share towards RM1.20 (R1) and possibly RM1.25 (R2) next. Meanwhile, a strict stop-loss is placed at RM1.00 (3 bids below its immediate support of RM1.03).

 

Source: Kenanga