HEIM gained 48.0 sen (2.51%) to end at RM19.60 despite a fall in the global markets.
Yesterday’s move signals a potential breakout from the RM19.50 psychological resistance level as it was supported by an uptick in the MACD indicator and slightly higher than average trading volume.
From here, expect follow through buying that will lead the share towards RM20.18 (R1) with further advancement towards RM20.60 (R2).
Any weakness is likely limited to RM18.82 (S1) where it serves as a good entry point for buying.
CARLSBG (Not Rated)
CARLSBG climbed 18.0sen (1.11%) to close at RM16.42.
Yesterday’s move follows through from Friday's breakout at the RM16.00 psychological resistance level, and was supported by a second straight increase in trading volume.
Share price continues to lead the SMA upwards while momentum indicators are in positive states.
Anticipate a climb towards RM16.70 (R1) and RM17.12 (R2). Firm downside support can be found at the resistance-turnedsupport level of RM16.00 (S1).
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....