GENETEC rose 9.0 sen (+6.16%) to close at RM1.55 yesterday.
Chart-wise, the stock has been on an uptrend since early January this year.
Yesterday, the bullish candlestick continued to close higher above all key-SMAs, while backed by higher than average trading volume.As the stock continues to trend above the key SMAs, we believe the buying momentum would persist.
Should the uptrend continue, key resistance levels are seen at RM1.65 (R1) and RM1.80 (R2).
Conversely, key support levels can be seen at RM1.30 (S1) and RM1.00 (S2).
DAIBOCI (Not Rated)
DAIBOCI surged by 15.0 sen (+6.33%) to close at RM2.52 yesterday, backed by above average trading volume.
Chart-wise, the stock has been trending upwards after testing its 100-Day SMA in early January this year.
Yesterday candlestick closed higher with the formation of a “Marubozu” candlestick, indicating strong buying momentum.
From here on, resistance can be identified at RM2.75 (R1) and RM2.85 (R2).
Conversely, its support levels can be identified at RM2.40 (S1) and RM2.20 (S2).
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MQ Trader 5887 views | 5 d ago
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