D&O rose 3.0 sen (+3.68%) to close at RM0.845 yesterday.
Chart-wise, the stock has been on an uptrend since last year September.
Yesterday candlestick found support at its 20-Day SMA backed by above –average trading volume. Coupled with a potential bullish-MACD crossover, we thus expect the share to trend higher.
Should the buying momentum persist, key resistance levels are seen at RM0.920 (R1) and RM1.00 (R2).
Conversely, key support levels can be seen at RM0.735 (S1) and RM0.675(S2).
KPOWER (Not Rated)
KPOWER was up by 11.0 sen (+5.91%) to finish at RM1.97 yesterday.
Chart-wise, the stock has been trending upwards since last year December, backed by strong buying momentum.
Yesterday candlestick continues to close higher with the formation of a “Marubozu” candlestick, signifying strong buying interest. Given that all key SMAs appear to be healthy, we believe the buying momentum would persist.
From here on, resistance can be identified at RM2.10 (R1) and RM2.20 (R2).
Conversely, its support levels can be identified at RM1.95 (S1) and RM1.65 (S2).
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MQ Trader 5887 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!
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