PTRANS gained 1.50sen (+8.11%) to close at RM0.200 yesterday.
Chart-wise, the stock has been rebounding since late-March this year.
Yesterday’s candlestick closed higher with the formation of a bullish candlestick backed by above-average trading volume. Coupled with an uptick in key technical indicator, we expect the stock to continue trending higher.
From here on, overhead resistance can be seen at RM0.230 (R1) and RM0.270 (R2).
Conversely, downside supports can be identified at RM0.175 (S1) and RM0.150 (S2).
SCOMNET (Not Rated)
SCOMNET gained 10.00 sen (+17.21%) to close at RM0.720 yesterday.
Chart-wise, the stock has been recovering since mid-March this year.
Yesterday’s candlestick closed higher backed by a surge in trading volume. We believe the uptrend will persist as it has recently broke above its 100-Day SMA, which indicated strong buying momentum.
Should the stock head north, overhead resistance are seen at RM0.810 (R1) and RM0.900 (R2).
Conversely, support levels can be identified at RM0.630 (S1) and RM0.485 (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....