DPHARMA remained unchanged to close at RM1.33 yesterday.
Chart-wise, the stock has been rebounding since mid-March this year.
Despite yesterday’s strong selling volume, the stock’s position was unchanged. Coupled with a bullish MACD Crossover and uptick in RSI, we expect the stock to trend higher.
From here on, overhead resistance can be seen at RM1.50 (R1) and RM1.60 (R2).
Conversely, downside supports can be identified at RM1.20 (S1) and RM1.00 (S2).
CCK (Not Rated)
CCK gained 5.50sen (+14.5%) to close at RM0.435 yesterday.
Chart-wise, the stock has been recovering since mid-March this year.
Yesterday’s bullish candlestick closed higher above the 20-Day SMA backed by above average trading volume. With an uptick in key technical indicator we expect the upward momentum to persist.
Should buying momentum persist, overhead resistance is at RM0.510 (R1) and RM0.580 (R2).
Conversely, support levels can be identified at RM0.370 (S1) and RM0.305 (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!
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....