TALIWRK gained 11.0 sen (+8.87%) to close at RM1.35, as investors react to news that TALIWRK has accepted the settlement offer from Air Selangor
Yesterday’s long candlestick was backed by high trading volume with the share looking test the RM1.40 resistance level.
Chart-wise, momentum indicators had shown positive upticks with the share also trending above all key SMAs.
Expect to test its immediate resistance at RM1.40 (R1) where a break above it will see next resistance at RM1.52 (R2).
Conversely, downside support can be identified at RM1.25 (S1) and RM1.13 (S2).
PENTA (Not Rated)
PENTA surged 20.0 sen (+6.19%) to close at its all-time high of RM3.42 yesterday.
The share had bottomed to a low of RM1.70 in April 2018 and has since been trending upwards.
Technical outlook appears bullish underpinned by positive momentum indicators as displayed by a bullish MACD crossover and positive signals from key SMAs.
Expect the share to advance towards RM3.50 (R1), with a decisive breakthrough will see the share on a higher note towards RM3.70 (R2).
Conversely, downside risks are identified at support levels of RM3.10 (S1) and RM3.00 (S2).
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