• SUPERMX grew by 11.0 sen (+2.86%) to end at RM3.96 yesterday.
• Chart-wise, the share has been seemingly bottomed-up to stage an uptrend recovery since mid-Oct.
• Overall technical outlook is bullish with the share trending above key SMAs while other momentum indicators are in positive
mode.
• From here, we expect the share to test its immediate resistance at RM4.36 (R1) where a break above will see another rally
towards RM4.61 (R2).
• Should buying momentum taper off, supports can be found at RM3.36 (S1) and RM3.07 (S2).
• FLBHD gained 4.0 sen (+2.47%) to close at RM1.66 on the back of stronger-than-average trading volume with 1.2m shares
exchanging hand - 4 folds of its 20-day average.
• Chart-wise, the share has been on a positive trend since June, having broken out at RM1.55 with yesterday’s moves pose it
close to testing the RM1.69 (R1) resistance level.
• Moreover, encouraging momentum indicators appeared in supportive for a bullish move as indicated by the bullish MACD,
RSI and Stochastic.
• Should it manage to break above RM1.69 (R1), expect next advancement towards RM1.90 (R2).
• Conversely, support lines are found at RM1.55 (S1), failing which further support is located at RM1.40 (S2).
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