MCLEAN rose 3.0 sen (+14.63%) to close at RM0.235 yesterday.
Chart-wise, the stock has broken above all the key SMAs yesterday, backed by higher-than-average trading volume.
Coupled with bullish signal from MACD indicators, we believe the stock may trend higher.
From here on, overhead resistance can be found at RM0.270 (R1) and RM0.310 (R2).
Conversely, downside supports can be identified at RM0.190 (S1) and RM0.160 (S2).
BURSA (Not Rated)
BURSA gained 50.0 sen (+8.35%) to close at RM6.49 yesterday
Chart-wise, the stock continued to close higher and broken above the significant resistance level at RM6.20, backed by higher-than-average trading volume.
Coupled with bullish signal from MACD and uptick in momentum indicator, we believe the stock could move higher.
Should the bullish momentum persist, overhead resistance is seen at RM7.00 (R1) and RM7.50 (R2).
Conversely, support levels are identified at RM6.00 (S1) and RM5.40 (S2).
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