MFCB jumped by 15.0sen (+3.40%) to end at RM4.56 yesterday.
Chart-wise the share has been trending above all key-SMAs since early-September.
Yesterday’s candlestick closed higher with a “Marubozu Candlestick”, indicating strong buying interest. Coupled with above average trading volume and healthy key-SMAs, we expect the uptrend to persist.
Should the share head north, overhead resistance are seen at RM4.80 (R1) and RM5.10 (R2).
Conversely, key support levels can be seen at RM4.30 (S1) and RM4.00 (S2).
GENTING (Not Rated)
GENTING gained by 8.0 sen (+1.34%) to end at RM6.04 yesterday.
Chart-wise, the share has been declining but buying interest resumed and resulted in a trend reversal in early-November.
Yesterday, the candlestick marked the third consecutive bullish candlestick, which signifies strong buying momentum. Should the 20-Day SMA continue trending upward, we see a potential of a “Golden Cross” formation.
With that, key resistance levels can be found at RM6.35 (R1) and RM7.00 (R2).
Conversely, downside supports can be identified at RM5.75 (S1) and RM4.97 (S2).
Be the first to like this. Showing 0 of 0 comments
Post a Comment
People who like this
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 6072 views | 5 d ago
0:17
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!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....