SCIB (Not Rated) • Yesterday, SCIB rose 8.0 sen (+4.47%) to close at RM1.87. • Chart-wise, the stock has been on an uptrend since early-January. • Yesterday candlestick closed higher with a bullish candlestick after testing its 20-Day SMA. Coupled with a potential MACD crossover and an uptick in RSI, we believe more upside can be seen. • From here, overhead resistance can be found at RM2.00 (R1) and RM2.10 (R2) next. • Conversely, key support levels are seen at RM1.80 (S1) and RM1.60 (S2)
KOTRA (Not Rated) • KOTRA went up by 2.0 sen (+1.09%) to close at RM1.86 yesterday. • The stock has broken through all its key-SMA in mid-December. • Yesterday candlestick gapped up backed by huge trading volume. Given that its Stochastic appears oversold, we believe the stock could be headed for a rebound.• Should buying momentum persist we expect the stock to test its resistance at RM1.95 (R1) and RM2.00 (R2). • Conversely, support levels can be found at RM1.75 (S1) and RM1.65 (S2).
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