JAKS rose 7.0 sen (+5.60%) to close at RM1.32 yesterday.
Chart-wise, the stock has been undergoing a series of sell-down since mid-January this year. Nonetheless, we note that yesterday’s white candlestick may be signalling a potential bullish reversal.
Coupled with upticks from its momentum indicators, we believe that the stock may be poised for more upside.
Should the bullish momentum persists, its key resistance levels are seen at RM1.50 (R1) and RM1.65 (R2).
Conversely, key support levels can be seen at RM1.15 (S1) and RM1.00 (S2).
SERBADK (Not Rated)
SERBADK dropped 7.0 sen (-3.11%) to end at RM2.18 yesterday.
Chart-wise, the stock has been undergoing some selling pressure, which sees it currently trading below its 20-day SMA.
Coupled with a bearish signal from MACD and lacklustre momentum indicators, the stock may continue to trend lower.
From here on, its support levels can be identified at RM2.10 (S1) and RM2.00 (S2)
Conversely, resistance can be identified at RM2.30 (R1) and RM2.50 (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
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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....