Chart-wise, the stock began rallying since late last year, which see it currently trending above all of its key SMAs.
Coupled with a bullish MACD signal, we believe the bullish momentum may persist.
Resistance levels can be found at RM0.950 (R1) and RM1.10 (R2).
Conversely, support levels can be identified at RM0.720 (S1) and RM0.650 (S2).
GENM (Not Rated)
GENM gained 8.0 sen (+3.85%) to close at RM2.16 yesterday.
Chart-wise, the stock started to trend upwards since late-March this year.
Yesterday’s candlestick closed higher with the formation of a bullish candlestick. Coupled with an uptick in key technical indicator, we believe the stock may be poised for more upside.
From here on, overhead resistance can be seen at RM2.50 (R1) and RM2.75 (R2).
Conversely, downside supports can be identified at RM2.00 (S1) and RM1.80 (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....