GHLSYS gained 8.0sen (+5.03%) to close at RM1.67 yesterday.
Chart-wise, the stock has been on an uptrend after the formation of the “saucer” pattern in early January this year.
Yesterday’s candlestick continued to find support at its 20-Day SMA while forming higher lows. Coupled with an uptick in all key SMAs, we expect the uptrend to persist.
From here on, key resistance levels are seen at RM1.75 (R1) and RM1.80 (R2).
Conversely, key support levels can be seen at RM1.50 (S1) and RM1.45 (S2).
SAM (Not Rated)
SAM lost 6.0sen (-0.78%) to end at RM7.63 yesterday.
Chart-wise, the stock has been on a downtrend since last year August.
Yesterday, candlestick continued to close lower below all key-SMAs, indicating strong selling pressure. Coupled with lacklustre momentum in key technical indicators, we expect the share to trend lower.
From here on, downside supports can be identified at RM7.20 (S1) and RM6.80 (S2).
Conversely, key resistance levels can be found at RM8.00 (R1) and RM8.40 (R2).
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