KKB gained 10.0sen (+4.83%) to close at RM2.17 yesterday.
Chart-wise, the stock has been on an uptrend since early January this year.
Yesterday bullish candlestick closed higher with the formation of a “Marubozu” candlestick, indicating strong buying momentum. Coupled with an uptick in key technical indicator, we expect the stock to trend higher.
From here on, key resistance levels are seen at RM2.35 (R1) and RM2.50 (R2).
Conversely, key support levels can be seen at RM1.95 (S1) and RM1.70 (S2).
PERDANA (Not Rated)
PERDANA dropped 2.0 sen (-4.60%) to close at RM0.420 yesterday.
Chart-wise, the stock has been undergoing a series of sell down in the past week.
This had pushed the stock to close below its 20 and 50-day SMAs. Coupled with a bearish MACD crossover, we believe the stock may continue to experience weakness ahead.
From here on, downside supports can be identified at RM0.385 (S1) and RM0.355 (S2).
Conversely, its key resistance levels can be found at RM 0.455 (R1) and RM0.495 (R2).
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