PENTA gained marginally by 1.0sen (+0.21%) to close at RM4.75 yesterday.
Chart-wise the share has been rallying since early-January this year.
Yesterday’s candlestick continued to close above all key-SMAs backed by encouraging volume. Coupled with a MACD that is staging a potential bullish MACD Crossover, we thus expect the upward movement to persist.
Should the share continue heading north key resistance levels are seen at RM4.90 (R1) and RM5.20 (R2).
Conversely, key support levels can be seen at RM4.60 (S1) and RM4.40 (S2).
BINACOM (Not Rated)
BINACOM gained by 2.5sen (+6.49%) to end at RM0.410 yesterday.
Chart-wise, the share has been on an uptrend and punched through all key-SMAs.
Yesterday’s candlestick closed higher with the formation of a “Marubozu Candlestick”, indicating strong buying interest. Coupled with an uptick in key technical indicators, we see more upside bias.
Should the share continue respecting its 20-Day SMA, key resistance to look out for are at RM0.465 (R1) and RM0.525 (R2).
Conversely, downside supports can be identified at RM0.360 (S1) and RM0.315 (S2).
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