JOHOTIN gained 10.0sen (+6.37%) to close at RM1.67 yesterday Backed by above-average trading volume.
Chart-wise the share has been on an uptrend since mid-October.
Yesterday’s candlestick closed higher with the formation of a bullish engulfing candlestick. Coupled with an uptick in RSI and a bullish MACD crossover we expect the stock to continue its upward momentum.
From here on, resistance levels can be seen at RM1.75 (R1) and RM1.90 (R2)
Conversely, key support levels are found at RM1.60 (S1) and RM1.45 (S2).
REVENUE (Not Rated)
REVENUE gained 7.00sen (+4.00%) to end at RM1.82 yesterday.
Chart-wise, the share has been on an uptrend since early-June.
Yesterday’s bullish candlestick continued to close higher above all key-SMAs. Given that all SMAs appear to be healthy, coupled with an uptick in RSI, we thus expect the share to trend higher.
Should buying momentum persist, key resistance can be found at RM1.95 (R1) and RM2.05 (R2).
Conversely, downside supports can be identified at RM1.75 (S1) and RM1.60 (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 5905 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....