GDB gained 2.0sen (+4.49%) to close at RM0.465 yesterday.
Chart-wise, the stock has been on a down trend since mid-February this year.
Yesterday, the stock closed higher, backed by above average trading volume. Coupled with a potential bullish MACD crossover and the formation of a saucer pattern, we thus expect the uptrend to persist.
From here on, overhead resistance can be seen at RM0.550 (R1) and RM0.625 (R2).
Conversely, downside supports can be identified at RM0.425 (S1) and RM0.380 (S2).
TOPGLOV (Not Rated)
TOPGLOV gained 9.0 sen (+1.47%) to close at RM6.20 yesterday.
Chart-wise, the stock has been on an uptrend since early January this year.
Yesterday’s candlestick closed higher and continued to trade above all key SMAs, indicating strong buying momentum. Coupled with an uptick in key technical indicator, we expect the bullish momentum to persist.
Should buying momentum persist, overhead resistance is at RM6.40 (R1) and RM6.60 (R2).
Conversely, support levels can be identified at RM6.00 (S1) and RM5.70 (S2).
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