JHM lost 5.5 sen (-7.19%) to close at RM0.710 yesterday.
Chart-wise, the stock has been on a downtrend since this year January.
Yesterday’s candlestick continued to close below all key SMAs, indicating strong selling pressure. Coupled with lacklustre momentum, we thus expect the share to decline.
With that, key support levels can be seen at RM0.60 (S1) and RM0.40 (S2).
Conversely, key resistance levels are seen at RM1.00 (R1) and RM1.20 (R2).
VITROX (Not Rated)
VITROX gained 51.0 sen (+7.33%) to end at RM7.47 yesterday.
Chart-wise, the stock has been on a downtrend since this year January.
Yesterday’s bullish pin bar indicated strong buying force. We believe the stock is staging a rebound backed by an uptick in RSI and a potential MACD Crossover.
Key resistance levels can be found at RM8.20 (R1) and RM9.60 (R2).
Conversely, downside supports can be identified at RM6.80 (S1) and RM5.20 (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 5863 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....