UWC lost 32.0 sen (-20.51%) to close at RM1.24 yesterday.
Chart-wise, the stock has broken below all the key SMAs since last week, coupled with higher-than-average trading volume.
Yesterday, the stock continued to form a long bearish candlestick, accompanied with bearish MACD signal, we believe the stock could move lower.
With that, key support levels can be seen at RM1.00 (S1) and RM0.730 (S2).
Conversely, key resistance levels are seen at RM1.64 (R1) and RM2.00 (R2).
SCIB (Not Rated)
SCIB dropped 26.0 sen (-18.57%) to end at RM1.14 yesterday.
Chart-wise, the stock has been undergoing a period of sell down since last week.
Yesterday’s long bearish pin bar indicated continuous strong selling interest. Coupled with a bearish MACD crossover, we believe that there may be more downside.
Key resistance levels can be found at RM1.40 (R1) and RM1.75 (R2).
Conversely, downside supports can be identified at RM0.740 (S1) and RM0.400 (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 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....