BJASSET climbed 1.5 sen (3.33%) to close at RM0.465 yesterday.
The share was on a downtrend since June 2016, plunging from a high of RM0.700 to a low of RM0.400.
However, the share appears to have bottomed out from the downtrend as the past few days share performance were strong and technical indicators are now in positive mode.
Should the share be able to break past RM0.480 (R1), it will likely head further towards RM0.510 (R2).
On the other hand, support can be identified at RM0.395 (S1) as it proved to be a very resilient support level. A break below S1 will be highly negative as the next support is at RM0.320 (S2).
LEESK (Not Rated)
LEESK gained 3.0 sen (4.44%) to close at RM0.705.
The share price has been on uptrend since Dec 2017, trending to its all-time high of RM0.780 from as low as RM0.320.
Yesterday’s move saw the share firmly closing above RM0.670 level, leading all key moving averages.
Technical outlook seemingly bullish –bias as indicated by continued upwards movement in MACD above Signal-line as well as upticks in both RSI and Stochastic.
Expect LEESK to retest resistance level RM 0.780 (R1) with a decisive take down would see the share making possible next higher high towards RM0.890 (R2).
Should the buying interest fail to sustain, expect retracement towards immediate support level of RM0.670 (S1) with a break below RM0.605 (S2) is deemed highly negative.
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