FPGROUP gained 3.0 sen (9.84%) to close at RM0.335 yesterday.
Technical-wise, the share formed a long bullish candlestick punching through the RM0.315 key level which could signal a more upside.
More notably, its 50 and 100-day SMA is in a “Golden-Cross” formation which could suggest a shift in trend. Key momentum indicators are also showing positive signals
We expect the share to continue higher to test its resistances at RM0.345 (R1) and RM0.385 (R2). Conversely, any downside bias should see support at RM0.315 (S1) and further below at RM0.285 (S2).
JTIASA (Not Rated)
JTIASA rose 4.5 sen (+8.41%) to close at RM0.580 yesterday.
The share is showing positive momentum as evidenced by the three bullish candlesticks lately which pierced through its 50 and 100-day SMA coupled with a formation of the “Golden Cross”.
Moreover, yesterday’s move was backed by higher-than-average trading volume.
Should the buying momentum persist, expect the share to test resistance at RM0.660 (R1) and RM0.740 (R2).
Conversely, downside supports are found at RM0.520 (S1) and RM0.380 (S2).
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