Market slow and muted due to financial markets in Japan, China and South Korea were closed for a holiday, it said. Buy is the good action to be taken today because those country will start working and it will high up again and fly
AG is looking on structure of the contract process not on political background, as long no corrupted money (1MDB) inside this company it still safe, not like FGV, IJM, MRCB where its Najib direct crony. That is my opinions.
MYEG climbed 5.0 sen (+2.94%) to end at RM1.75 last night.
Technically, the share has been on a rally since bottoming-out in June. More notably, yesterday’s candlestick represented a convincing break above its previous swing high of RM1.70, which could be an indication of a continuation of its rally.
Key SMAs and momentum indicators continue to show positive signals further reaffirming the potential of a continuation rally.
We look towards RM1.80 (R1) and RM1.94 (R2) as levels of resistance. Conversely, downside supports can be identified at RM1.68 (S1) and RM1.50 (S2) where keen investors may want to watch to build a position.