HEIM rose 20.0sen (+0.80%) to end at RM25.50 yesterday.
Chart-wise, the share has been on an uptrend since early October 2019. Yesterday’s candlestick closed higher to form a bullish candlestick, indicating buying momentum.
Coupled with the formation of a “Golden Cross” and uptick in key technical indicators, we see more upside potential.
Should buying momentum persist, overhead resistance can be seen at RM25.70 (R1) and RM26.00 (R2).
Conversely, key support levels can be found at RM25.00 (S1) and RM24.30 (S2).
PENERGY (Not Rated)
PENERGY jumped by 19.0 sen (+13.1%) to end at RM1.64 yesterday.
The share has been on a rally after breaking above all its key SMAs in early September. Yesterday’s candlestick formed a long bullish candlestick backed by above-average trading volume.
However given overbought signals from the RSI and Stochastic indicators, the share should likely experience a consolidation in the near-term.
With that, key resistance levels can be seen at RM1.80 (R1) and RM1.90 (R2).
Conversely, key support levels can be seen at RM1.40 (S1) and RM1.20 (S2).
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....