• RHBBANK rose 15.0 sen (+2.8%) to close at RM5.50 yesterday.
• Chart-wise, the stock continued to close higher after breaking above the 100-days SMA on Wednesday, backed by higherthan-average trading volume.
• Coupled with bullish signal from MACD, we believe that the stock could trend higher.
• From here, overhead resistance levels are identified at RM6.00 (R1) and RM6.40 (R2).
• Conversely, support levels can be found at RM5.30 (S1) and RM5.10 (S2).
• MAHSING gained 6.0 sen (+11.54%) to close at RM0.580 yesterday.
• Chart-wise, the stock has broken above all the key SMAs yesterday, supported by stronger-than-average trading volume.
• Coupled with bullish signal from MACD indicator, we believe that there may be more room for upside.
• Should the bullish momentum persist, overhead resistance is seen at RM0.670 (R1) and RM0.780 (R2).
• Conversely, support levels can be identified at RM0.460 (S1) and RM0.370 (S2).
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Aug 26, 2024