N2N declined 2.0 sen (-1.55%) yesterday to close at RM1.27.
Technically, we are expecting some retracement in the short-term.
Yesterday, the share closed below its 20-day SMA for the first time since the start of its rally in April. This, coupled with tepid volumes and declining MACD could indicate diminishing momentum from the rally.
Supports can be identified at RM1.21 (S1) and RM1.10 (S2) based on Fibonacci. Conversely, Fibonacci projects resistances at RM1.37 (R1) and RM1.54 (R2).
TMCLIFE (Not Rated)
TMCLIFE gained 0.5 sen (+0.65%) to close at RM0.770, backed by higher than average trading volume.
Chart-wise, the share was on a downtrend since November 2017. However, recent upward movement may be a sign of bottoming up as the share has now closed above the 100-day SMA.
Should this be a valid breakout, we may see the share head higher towards RM0.800 (R1) and RM0.850 (R2).
Conversely, supports can be identified at RM0.740 (S1) and RM0.690 (S2).
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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!
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