Bucking against the negative broad market sentiment, LEESK jumped 5.0 sen (6.3%) to close at RM0.840 yesterday.
Yesterday’s move displayed a successful rebound from its previous resistance-turned-support level, recovering most of its previous day’s losses.
Overall, the underlying uptrend of the share remains intact, despite some negative movements earlier in the week. Key SMAs and momentum indicators continue strong positive displays.
As such, expect follow through buying towards resistances at RM0.890 (R1) and RM0.960 (R2).
Conversely, supports can be identified at RM0.780 (S1) and RM0.670 (S2).
N2N (Not Rated)
N2N jumped up by 7.0 sen (6.80%) yesterday to close at RM1.10 on stronger-than-average trading volume.
Yesterday’s move proved that RM1.02 is a strong immediate support as it rebounded upwards after making losses over the past few days.
Overall technical outlook remains positive after the share had bottomed-out in early April, with indicators remaining in positive states.
Should it be able to break above immediate overhead resistance of RM1.14 (R1), it will be deemed as highly positive, with the next resistance level identified at RM1.26 (R2).
Conversely, supports can be identified at RM1.03 (S1) and RM0.960 (S2).
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MQ Trader 7303 views | 6 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....