COMFORT gained 7.00 sen (+5.51%) to close at RM1.34 yesterday.
Chart-wise, the stock has been on an uptrend since late-March.
Yesterday’s candlestick closed higher backed by above average trading volume. Coupled with an uptick in key technical indicators a bullish MACD, we expect the share to continue to trend higher.
From here on, overhead resistance can be seen at RM1.45 (R1) and RM1.60 (R2).
Conversely, downside supports can be identified at RM1.20 (S1) and RM1.00 (S2).
NOVA (Not Rated)
NOVA gained 4.5 sen (+8.26%) to close at RM0.590 yesterday.
Chart-wise, the stock has been recovering since mid-March this year.
Yesterday’s surge in buying volume led to the formation of a “Marubozu” candlestick. Given the uptick in its RSI and keySMAs, we thus expect the uptrend to persist.
Should the stock head north, overhead resistance is seen at RM0.635 (R1) and RM0.680 (R2).
Conversely, support levels can be identified at RM0.465 (S1) and RM0.360 (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....