NOTION gained 8.0 sen (+7.62%) to close at RM1.13 yesterday.
Chart-wise, the share has been on an uptrend since October last year.
Yesterday, the stock continued to close higher above all key-SMAs backed by above-average trading volume. Given an uptick in RSI and bullish MACD crossover, we expect the stock to trend higher.
From here on, overhead resistance can be seen at RM1.20 (R1) and RM1.25 (R2).
Conversely, downside supports can be identified at RM1.10 (S1) and RM0.930 (S2).
PADINI (Not Rated)
PADINI gained 11.0 sen (+3.22%) to close at RM3.53 yesterday.
Chart-wise, the stock has experienced a trend reversal since the formation of a double bottom last year.
Yesterday’s candlestick marked the third bullish candlestick, indicating strong buying interest. Given an uptick in key technical indicator, we expect the share to trend higher.
Should buying momentum persist, the stock is expected to test overhead resistance at RM4.00 (R1) and RM4.50 (R2).
Conversely, support levels can be identified at RM3.30 (S1) and RM3.00 (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....