Yesterday, CARING dropped 4.0 sen (-1.61%) to close at RM2.45.
Chart-wise, we note that the share began rallying since late-September this year, which saw it currently trading above its key SMAs.
Nonetheless, the share closed with a “doji” candlestick pattern yesterday, which may play as a signal for a potential reversal.
Coupled with its key momentum indicators hovering around the overbought areas, expect the share to retrace to find support levels at RM2.30 (S1) and RM2.15 (S2)
Conversely, resistance levels can be identified at RM2.60 (R1) and RM2.85 (R2).
JFTECH (Not Rated)
JFTECH slipped 1.0 sen (-1.01%) to end at RM0.985 yesterday.
Chart-wise, the share has been rallying since early-October this year, which saw it successfully closed above a key resistance level which has been tested several times.
Should the rally persist and allow the share to hold decisively above the foresaid key resistance level, we believe that there may be room for more upside.
Resistance levels can be found at RM1.10 (R1) and RM1.25 (R2). Conversely, downside supports can be identified at RM0.830 (S1) and RM0.780 (S2).
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MQ Trader 6072 views | 5 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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