DAIBOICI gained 9.0 sen (+3.8%) to close at RM2.45 yesterday.
Chart-wise, the stock has been on an uptrend since late March.
Yesterday’s bullish candlestick continued to close higher, backed by above average trading volume. Coupled with an uptick in RSI and a potential “Bullish MACD Crossover”, we expect the stock to trend higher.
With that, overhead resistance can be seen at RM2.60 (R1) and RM2.80 (R2).
Conversely, key support levels can be seen at RM2.20 (S1) and RM2.00 (S2).
MYEG (Not Rated)
MYEG gained 3.0 sen (+2.0%) to end at RM1.50 yesterday.
Chart-wise, the stock has continued its uptrend from early Jun after breaking above its 20-Day SMA.
Yesterday’s candlestick closed higher with the formation of a “Hammer”, indicating strong buying momentum. Should the stock continue finding support at its 20-Day SMA, we believe the uptrend would persist.
From here on, key resistance levels can be found at RM1.70 (R1) and RM1.80 (R2).
Conversely, downside supports can be identified at RM1.30 (S1) and RM1.15 (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 5766 views | 5 d ago
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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....