JFTECH gained 11.0sen (+6.40%) to close at RM1.83 yesterday.
Chart-wise, the stock has broken above the 20-days SMA with a long bullish candlestick, backed by higher-than-average trading volume.
Overall uptrend remains intact as the stock continued to trend higher, coupled with uptick in momentum indicator, we believe the price could move higher.
From here on, key resistance levels are seen at RM2.00 (R1) and RM2.20 (R2).
Conversely, key support levels can be seen at RM1.75 (S1) and RM1.65 (S2).
OCNCASH (Not Rated)
OCNCASH gained 7.0sen (+14.58%) to end at RM0.550 yesterday.
Chart-wise, the stock has broken above all the key SMAs yesterday, supported by higher-than-average trading volume.
Coupled with bullish crossover from MACD indicator, we believe the stock price could move higher.
From here on, key resistance levels can be found at RM0.615 (R1) and RM0.740 (R2).
Conversely, downside supports can be identified at RM0.495 (S1) and RM0.440 (S2).
Be the first to like this. Showing 0 of 0 comments
Post a Comment
People who like this
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
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
0:17
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!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....