KOSSAN dropped 5.0 sen (-0.50%) to close at RM4.70 yesterday.
Chart-wise, the stock has been consolidating since mid-March this year.
Yesterday, the stock continued to find support at its 50-Day SMA despite strong selling volume. Coupled with an uptick in RSI we believe the stock will trend higher.
From here on, overhead resistance can be seen at RM5.00 (R1) and RM5.40 (R2).
Conversely, downside supports can be identified at RM4.50 (S1) and RM4.15 (S2).
BJFOOD (Not Rated)
BJFOOD gained 3.0 sen (+2.50%) to close at RM1.23 yesterday.
Chart-wise, the stock has rebounded since mid-March this year.
Yesterday’s bullish candlestick marked its third bullish candlestick, indicating strong buying momentum. Coupled with a potential bullish MACD crossover, we believe the stock continue its uptrend.
Should buying momentum persist, overhead resistance is at RM1.30 (R1) and RM1.50 (R2).
Conversely, support levels can be identified at RM1.15 (S1) and RM1.00 (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
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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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