VITROX rose 35.0 sen (+3.98%) to close at RM9.15 yesterday.
The chart has been trending upwards since mid-March.
Chart-wise, yesterday’s bullish candlestick closed higher while trending above all key-SMAs. Coupled with the uptick in key technical indicators, we believe the stock will continue its upward momentum.
With that, overhead resistance can be seen at RM9.60 (R1) and RM10.00 (R2).
Conversely, key support levels are identified at RM8.45 (S1) and RM7.70 (S2).
KGB (Not Rated)
KGB gained 6.5 sen (+6.60%) to end at RM1.05 yesterday.
Chart-wise, the stock has been consolidating since mid-April.
Yesterday candlestick closed higher with the formation of a “Marubozu” candlestick. Given an uptick in RSI and potential bullish MACD Crossover we believe the stock will trend higher.
From here on, key resistance levels can be found at RM1.15 (R1) and RM1.30 (R2).
Conversely, supports are identified at RM0.960 (S1) and RM0.890 (S2).
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