EKOVEST rose 3.0 sen (+4.62%) to close at RM0.680 yesterday.
Chart-wise, the stock has been undergoing a series of sell-down since mid-December last year. Despite that, the past two days’ bullish candlesticks may be signalling a potential bullish reversal.
Coupled with upticks from its momentum indicators, we believe that the stock may continue to trend higher.
Should the bullish momentum persists, its key resistance levels are seen at RM0.725 (R1) and RM0.785 (R2).
Conversely, key support levels can be seen at RM0.500 (S1) and RM0.435 (S2).
UWC (Not Rated)
UWC was up by 13.0 sen (+3.29%) to finish at RM4.08 yesterday.
Chart-wise, the stock has been on a steady uptrend since September last year, which see it currently trending above all of its key SMAs.
While its momentum indicators are trading near the overbought levels, we believe that there may be more upside as the indicators are still showing upticks.
From here on, resistance can be identified at RM4.30 (R1) and RM4.60 (R2).
Conversely, its support levels can be identified at RM3.50 (S1) and RM3.00 (S2)
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MQ Trader 5905 views | 5 d ago
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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....