BAUTO rose 10.0 sen (+6.58%) to close at RM1.62 yesterday.
Chart-wise, the stock continued to close higher after breaking above all the SMA lines, backed by higher-than-average trading volume.
Given the bullish signal from MACD, we believe that there may be more upside.
From here, immediate resistance levels can be identified at RM1.90 (R1) and RM2.10 (R2).
Conversely, support levels can be found at RM1.35 (S1) and RM1.20 (S2).
MBL (Not Rated)
Yesterday, MBL gained 7.0 sen (+4.90%) to close at RM1.50.
Chart-wise, the stock continued to trend within the rising channel and broken above the significant resistance level yesterday, supported by higher-than-average trading volume.
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 RM1.63 (R1) and RM1.71 (R2).
Conversely, support levels can be identified at RM1.36 (S1) and RM1.26 (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 5769 views | 5 d ago
0:17
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....