FPGROUP gained 6.0sen (+7.55%) to close at RM0.855 yesterday.
Chart-wise, the stock has been on an uptrend since August last year.
Yesterday the candlestick closed higher with a bullish engulfing candlestick pattern and continued to find support near its 50- Day SMA. Coupled with an uptick in key technical indicators, we thus believe the uptrend shall persist.
From here on, key resistance levels are seen at RM0.925 (R1) and RM1.00 (R2).
Conversely, key support levels can be seen at RM0.695 (S1) and RM0.580 (S2).
UWC (Not Rated)
UWC gained 17.0sen (+6.61%) to end at RM2.74 yesterday.
Chart-wise, the stock has been on an uptrend since last year mid-July.
Yesterday, the candlestick closed higher, backed by above average trading volume. With the stock’s Stochastic displaying a positive uptick in its oversold region, we believe the stock could be rebounding and trend higher should the buying momentum resume.
From here on, its key resistance levels can be found at RM 3.10 (R1) and RM3.30 (R2).
Conversely, downside supports can be identified at RM2.40 (S1) and RM2.20 (S2).
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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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