KAWAN dropped 3.0sen (-1.88%) to close at RM1.57 yesterday.
Chart-wise, the share has broken above the “rounding bottom” reversal chart pattern yesterday couple with higher-than average trading volume.
Bullish crossover signal from MACD indicator further supports the trend reversal.
Should the share continue heading north, key resistance levels are seen at RM1.80 (R1) and RM2.10 (R2).
Conversely, key support levels can be seen at RM1.30 (S1) and RM1.20 (S2).
SCICOM (Not Rated)
SCICOM gained 5.0sen (+4.63%) to end at RM1.13 yesterday.
Chart-wise, the share has been trading above all the key SMAs and yesterday, the share price has broken above the previous high coupled with higher-than-average trading volume.
Besides, the bullish signal from MACD indicator further supports the underlying trend.
From here on key resistance can be found at RM1.35 (R1) and RM1.60 (R2).
Conversely, downside supports can be identified at RM0.850 (S1) and RM0.750 (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
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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!
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....