HIBISCS gained 5.0 sen (+4.90%) last night to close at RM1.07.
Yesterday’s rally was backed by exceptional trading volume as the share broke out from the RM1.05 resistance level.
Moreover, key SMAs are in a ‘Golden Cross’ state while other momentums shown positive upticks.
From here, continuous buying interest may see the share head towards RM1.17 (R1) and even RM1.28 (R2).
Should it hover lower between RM1.05 (S1) and RM0.950 (S2) support levels, it would provide a great opportunity for investors to accumulate the shares.
PESONA (Not Rated)
PESONA climbed 0.5 sen (+1.61%) to end at RM0.315 yesterday.
The share was on a downtrend since April 2017 and hit a low of RM0.260 in June 2018. However, there appears to be strong buying interest of late as shown by the high trading volume.
More notably, the 20-day SMAs had just crossed above the 100-day SMA, possibly indicating a potential bullish run.
Should it be able to continue rallying and break above RM0.360 (R1), next resistance will then be at RM0.440 (R2).
Any downside bias will then see support at RM0.260 (S2).
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