KRETAM rose 3.5 sen (+9.72%) to close at RM0.395 yesterday.
Chart-wise, yesterday’s bullish “Marubozu” candlestick closed higher on the back of stronger-than-average trading volumes, which prompted the stock to trend above all of its key SMAs.
Coupled with upticks from its key momentum indicators, the stock may be poised for more upside.
Should the bullish momentum persist, overhead resistance can be seen at RM0.440 (R1) and RM0.475 (R2).
Conversely, key support levels are identified at RM0.355 (S1) and RM0.320(S2).
ATAIMS (Not Rated)
ATAIMS gained 8.0 sen (+6.56%) to end at RM1.30 yesterday.
Chart-wise, the stock began rallying in early June, which sees the stock currently trending steadily above all of its key SMAs.
Given the bullish MACD signal and continual upticks from its key momentum indicators, we believe the bullish momentum may persist.
From here on, key resistance levels can be found at RM1.50 (R1) and RM1.70 (R2).
Conversely, supports are identified at RM1.15 (S1) and RM0.925 (S2).
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MQ Trader 5767 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!
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