HIBISCS gained 2.5 sen (+4.90%) to close at RM0.535 yesterday.
Chart-wise, the stock started rallying since late-March this year, which prompted the stock to trend above its 20-day SMA.
Yesterday’s bullish candlestick continued to close higher, indicating strong buying force. Coupled with a bullish MACD signal, we expect the stock to continue trending higher.
From here on, overhead resistance can be seen at RM0.700 (R1) and RM0.850 (R2).
Conversely, downside supports can be identified at RM0.340(S1) and RM0.220 (S2).
MI (Not Rated)
Yesterday, MI rose 17.00 sen (+8.67%) to close at RM2.13.
Chart-wise, the stock has been trending upwards since mid-March this year.
Yesterday’s bullish candlestick prompted the stock to close above its 50-day SMA, on the back of stronger-than-average trading volumes. Coupled with a bullish MACD signal, the stock may be poised for more upside.
Should buying momentum persist, overhead resistance is at RM2.35 (R1) and RM2.90 (R2).
Conversely, support levels can be identified at RM1.85 (S1) and RM1.63 (S2)
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MQ Trader 5863 views | 5 d ago
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