SKPRES dropped 1.0 sen (-0.67%) to close at RM1.49 yesterday.
Technically, the stock has been ranging between RM1.33 to RM1.64 with recent candlesticks finding buying interest near the midrange and the 50-day SMA.
We believe that SKPRES is poised to move higher, given the buying interest and positive signals from key momentum indicators.
Keen investors may look at support level of RM1.47 (S1) and RM1.36 (S2) to build a position in the stock.
Conversely, resistance levels can be found at RM1.62 (R1) and RM1.72 (R2).
AIRASIA (Not Rated)
AIRASIA gained 11.0 sen (+3.23%) to close at RM3.51.
Having bottoming-out from the downtrend in early July, the share is staging a rally as supported by the bullish momentum indicators.
Backed by strong trading volume and the long-white candlestick formed yesterday, we expect follow-through buying and may see the share head towards RM3.62 (R1) with the next resistance at RM4.00 (R2).
Should AIRASIA retrace, investors can buy on dips with supports identified at RM3.35 (S1) and RM3.00 (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!
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....