KRONO rose 5.0 sen (+9.26%) to close at RM0.590 yesterday.
After a series of lacklustre stock movements and the formation of a “doji” the day before, the stock managed to closed above its 20-day and 50-day SMAs yesterday.
Given the bullish signal from MACD, we believe that there may be more upside.
From here, immediate resistance levels can be identified at RM0.600 (R1) and RM0.750 (R2).
Conversely, support levels can be found at RM0.506 (S1) and RM0.220 (S2).
SLVEST (Not Rated)
Yesterday, SLVEST gained 16.0 sen (+12.03%) to close at RM1.49.
Chart-wise, the stock has been trending upwards since May, which prompted it to trend above all of its key-SMAs.
Coupled with bullish signal from MACD indicator, we believe the stock could be poised for more upside.
Should the bullish momentum persist, overhead resistance can be found at RM1.60 (R1) and RM1.75 (R2).
Conversely, support levels can be identified at RM1.20 (S1) and RM1.00 (S2).
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