• TECFAST rose 6.5 sen (+17.57%) to close at RM0.435 yesterday.
• Chart-wise, the stock has broken above all the key SMAs yesterday, backed by higher-than-average trading volume.
• Coupled bullish signal from MACD indicator, we believe the stock could move higher.
• From here on, overhead resistance can be found at RM0.490 (R1) and RM0.570 (R2).
• Conversely, downside supports can be identified at RM0.350 (S1) and RM0.290 (S2).
• BSTEAD gained 8.0 sen (+15.69%) to close at RM0.590 yesterday
• Chart-wise, the stock continued to close higher after breaking above 20 and 50 days SMAs few days ago, supported by higherthan-average trading volume.
• Coupled with bullish signal from MACD, we believe the stock could trend higher.
• Should the bullish momentum persist, resistance levels are identified at RM0.715 (R1) and RM0.825 (R2).
• Conversely, support levels are identified at RM0.445 (S1) and RM0.350 (S2).
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Aug 26, 2024