Kenanga Research & Investment
Highlights / Stock Picks of the Day - Matrix Concepts Holdings Berhad – Not Rated
MATRIX’s jumped 19.0sen (8.0%) yesterday to RM2.56, rebounding after the November-December sell down. This was also on the back of an uptick in volume over the last few days. Chart-wise, there appears to be a Morning Star Doji which is a strong bullish reversal signal. Yesterday’s trading also closed with a White Marubozu which suggests that buyers are coming in strong on the stock. Key indicators are also pointing upwards as the MACD is narrowing in on the Signal Line while RIS and Stochastics are pointing upwards from Oversold levels. We believe that buying interest in the stock remains resilient and expect share price to push towards RM2.61 (R1) and RM2.75 (R2).
Source: Kenanga
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Kenanga Research & Investment
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
.png)
MQ Trading Signals
Time
Signal
Duration
Type
2024-08-30 16:50:00
EMA 5
10 Mins
BUY
2024-08-30 16:50:00
TURTLE SYSTEM 20
10 Mins
BUY
2024-08-30 16:45:00
EMA 5
5 Mins
BUY
2024-08-30 16:00:00
EMA 5
10 Mins
SELL
2024-08-30 16:00:00
EMA 5
5 Mins
SELL
Apps
Top Articles
1
2
Stock Pick Contest Year 2024
4
5
Good Articles to Share
Gold trades near record as Fed minutes support rate cut optimism
6
7
Koon Yew Yin's Blog
8
THE INVESTMENT APPROACH OF CALVIN TAN
DUFU (7233) OVERSOLD & TOP REASONS WHY IT HAS THE MOST POTENTIAL NOW FOR UPSIDE, Calvin Tan
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
