Chart-wise the share has been on an uptrend since early-October.
Yesterday’s bullish candlestick found support near its 20-Day SMA. Coupled with an uptick in RSI while its MACD appears to be staging a bullish MACD crossover, we thus expect the share to trend higher.
Should the share head north, key resistance can be found at RM1.35 (R1) and RM1.45 (R2)
Conversely, key support levels are found at RM1.15 (S1) and RM1.00 (S2)
FRONTKN (Not Rated)
FRONTKN gained 11.0sen (+5.56%) to end at RM2.09 yesterday.
Chart-wise, the share has been on an uptrend since mid-December last year.
Yesterday’s candlestick closed higher with the formation of a “Marubozu” candlestick, signifying strong buying interest. Given an uptick in all key technical indicators, we expect more upside to be seen.
Should buying momentum persist, key resistance can be found at RM2.15 (R1) and RM2.30 (R2).
Conversely, downside supports can be identified at RM1.95 (S1) and RM1.70 (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
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....