KOSSAN gained 3.0 sen (+0.73%) to close at RM4.13 yesterday.
Chart-wise, the share has broken above the key SMAs and downtrend line 2 days ago coupled with higher-than-average trading volume.
Yesterday, it managed to trade higher and hold above the key SMAs and trend line provide further confirmation of the trend breakout. All in, we believe the share has more upside potential.
Should the share continue its upward movement, the resistance levels can be found at RM4.40 (R1) and RM4.60 (R2).
Conversely, support levels can be identified at RM3.70 (S1) and RM3.90 (S2).
DRBHCOM (Not Rated)
DRBHCOM lost 4.0 sen (-1.52%) to end at RM2.59 yesterday.
Chart-wise, the uptrend still remains intact coupled with bullish MACD indicator after the share hit the low at RM1.88 back in mid-May 2019.
Recently, it has formed a “Flags” chart pattern after the share price achieved the high at RM2.71. We believe that the share could go higher after breakout from the “Flags” pattern.
Should the breakout happen, the resistances level can be found at RM2.65 (R1) and RM2.80 (R2).
Conversely, support levels can be identified at RM2.40 (S1) and RM2.30 (S2).
Dumb source of analysis . Drb has already passed through the resistance level of 2.65 - 2.68 on several occasions but however the tariff hikes between China and US subsequently have caused the equity markets in a jittery mode that many stocks have turned reversal. Just repeating outdated informations and analysis of no comparison .
2019-08-08 23:43
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Dumb source of analysis . Drb has already passed through the resistance level of 2.65 - 2.68 on several occasions but however the tariff hikes between China and US subsequently have caused the equity markets in a jittery mode that many stocks have turned reversal. Just repeating outdated informations and analysis of no comparison .
2019-08-08 23:43