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Technically, share price hit its 52-week high at RM1.50 level recently and is trading above all key moving averages, signalling a strong buying momentum. Following the announcement of positive financial results, we expect the uptrend to continue, pushing share price to higher level.
From here, should it break RM1.50 (R1) level, we expect next resistance level at RM1.60 (R2).
Conversely, support levels are identified at RM1.34 (S1) and RM1.29 (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 3640 views | 3 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....