SCOMNET gained 4.0 sen (+5.23%) to close at RM0.805 yesterday, backed by above-average trading volume.
Chart-wise, the stock has been trending upwards since last year mid-December.
Yesterday, the stock closed higher with the formation of a bullish candlestick. Given the uptick in the 20-Day SMA, which appears to be staging the formation of a “Golden Cross”, we thus expect the share to trend higher.
From here on, overhead resistance can be seen at RM0.950 (R1) and RM1.05 (R2).
Conversely, downside supports can be identified at RM0.725 (S1) and RM0.625 (S2).
KPJ (Not Rated)
KPJ gained 5.0 sen (+5.15%) to close at RM1.02 yesterday.
Chart-wise, the stock has been on an up-trend since last year early-October.
Yesterday’s candlestick closed higher with the formation of a bullish candlestick, backed by an uptick in RSI and above average trading volume. Coupled with healthy key SMAs, we thus believe buying momentum will persist.
Should buying momentum persist, overhead resistance are at RM1.06 (R1) and RM1.10 (R2).
Conversely, support levels can be identified at RM0.990 (S1) and RM0.920 (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....