JCY (Not Rated) • Yesterday, JCY rose 2.0 sen (+7.55%) to close at RM0.285. • Since early December19, the stock has been trending upwards after it successfully stays above all of its key SMAs. • In view of a stronger-than-average trading volume and a bullish MACD signal, we believe that there may be more upside potential. • From here, we expect the stock to trend higher to test resistance levels at RM0.335 (R1) and RM0.365 (R2). • Conversely, its key support levels are seen at RM0.230 (S1) and RM0.200 (S2). LHI (Not Rated) • LHI dropped 2.0 sen (-2.30%) to close at RM0.850 yesterday. • Chart-wise, the stock has been undergoing a period of consolidation since late-August19. Notably, yesterday’s candlestick has pushed the stock to trade below all of its key SMAs. • Coupled with a bearish MACD signal, we expect the stock to trend lower should it close decisively below all of its key SMAs. • Support levels can be found at RM0.800 (S1) and RM0.720 (S2). • Conversely, its resistance levels can be identified at RM0.900 (R1) and RM0.970 (R2).
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....