Greatech Technology may rise higher after posting a white candle and hitting its new 52-week high. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR1.55 level, with an exit set below the MYR1.46 threshold. Towards the upside, the immediate resistance is at MYR1.70. This is followed by the MYR1.80 level.

Nova Wellness Group may climb higher after it breached above the MYR0.60 mark. Yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR0.60 level, with an exit set below the MYR0.565 threshold. Towards the upside, the immediate resistance is at the MYR0.65 level. This is followed by the MYR1.80 level.

Source: RHB Securities Research - 8 Oct 2019