Yesterday, TECFAST rose 1.0 sen (+2.11%) to close at RM0.485.
Chart-wise, the stock has been on an uptrend since early-June.
Yesterday candlestick closed higher with a bullish candlestick. Coupled with healthy key SMAs and an uptick in key technical indicators, we believe the share could trend higher.
From here, overhead resistance can be found at RM0.520 (R1) and RM0.560 (R2) next.
Conversely, key support levels are seen at RM0.440 (S1) and RM0.400 (S2)
CARLSBG (Not Rated)
CARLSBG closed marginally lower by 2.0 sen (-0.07%) to close at RM29.28 yesterday.
The stock has been on an uptrend since early-August this year.
Yesterday candlestick closed lower but continued to close above all key SMAs. Despite an overbought RSI, we believe more upside can be seen based on a bullish MACD while RSI appears to be holding at current level.
Should buying momentum persist we expect the stock to test its resistance at RM29.60 (R1) and RM31.00 (R2).
Conversely, support levels can be found at RM28.20 (S1) and RM27.30 (S2)
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