TOPGLOV gained 15.0sen (+2.84) to close at RM5.44 yesterday.
Chart-wise, the stock has been on a downtrend since late January.
Yesterday, the bullish candlestick found support at its 50-Day SMA backed by above average trading volume. Coupled with an uptick in key technical indicators we expect the share to trend higher.
Should the uptrend continue, key resistance levels are seen at RM5.70 (R1) and RM6.00 (R2).
Conversely, key support levels can be seen at RM4.90 (S1) and RM4.40 (S2).
DUFU (Not Rated)
DUFU dropped by 8.0 sen (-1.65%) to close at RM4.78 yesterday.
Chart-wise, the stock has been on an uptrend since June last year.
Yesterday, the bullish candlestick continued to close above all key SMAs, indicating strong buying momentum. Coupled with a bullish MACD Crossover, we thus expect the share to trend higher.
From here on, resistance can be identified at RM5.40 (R1) and RM5.70 (R2).
Conversely, its support levels can be identified at RM4.35 (S1) and RM3.70 (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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