FRONTKN gained 13.0sen (+6.34%) to close at RM2.18 yesterday.
Chart-wise, the stock has been rebounding since mid-March this year.
Yesterday’s candlestick continued to close higher, with the formation of a bullish pin bar, indicating strong buying force. Coupled with a bullish MACD crossover, we expect the stock to continue trending higher.
From here on, overhead resistance can be seen at RM2.45 (R1) and RM2.70 (R2).
Conversely, downside supports can be identified at RM1.80 (S1) and RM1.45 (S2).
CARIMIN (Not Rated)
CARIMIN gained 5.00 sen (+7.25%) to close at RM0.740 yesterday.
Chart-wise, the stock has been recovering since mid-March this year.
Yesterday’s candlestick continued to close higher backed by above-average trading volume. Coupled with an uptick in key technical indicator, we expect the upward momentum to persist.
Should buying momentum persist, overhead resistance is at RM0.890 (R1) and RM1.00 (R2).
Conversely, support levels can be identified at RM0.590 (S1) and RM0.335 (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 5862 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....