SNTORIA surged 11.01% or 12.0sen to close at RM1.21 with volume reaching its year's high. The stock has gained much interest after the group secured RM80.0m contract for the main building and infrastructure works for PRIMA project in June. Chart-wise, the bulls seem to be taking over the stock by breaking it out from its upper trend line resistance at RM1.19, with MACD seen to be maintaining its positive divergence over the Signal line. Momentum indicators (Stochastic and RSI) are also trending up suggesting robust buying interest. Immediate resistance is capped at RM1.24 (R1) and further buying interest could rally the stock to RM1.32 (R2) level next.

 

 

Source: Kenanga