SWKPLNT rose 4.0sen (+2.29%) to close at RM1.79 yesterday.
Chart-wise, the stock has been on an uptrend since late-July last year.
Yesterday’s bullish candlestick continued to trend higher above the 100-Day SMA while backed by an uptick in key technical indicators. Coupled with a bullish MACD, we expect the upward momentum to persist.
Should the uptrend continue, key resistance levels are seen at RM1.90 (R1) and RM2.10 (R2).
Conversely, key support levels can be seen at RM1.60 (S1) and RM1.50 (S2).
RCECAP (Not Rated)
RCECAP gapped up by 8.0 sen (+4.73%) to close at RM1.77 yesterday.
Chart-wise, the stock has been consolidating since November last year.
Yesterday bullish candlestick continued to close above all key SMAs. Given the uptick in key technical indicators and aboveaverage trading volume, we thus believe the share could trend higher.
From here on, resistance can be identified at RM1.85 (R1) and RM1.90 (R2).
Conversely, its support levels can be identified at RM1.65 (S1) and RM1.50 (S2).
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