KUALA LUMPUR (April 8): Public Investment Bank said Destini Bhd is picking up its prior uptrend after undergoing congestion phase over the past two weeks.
In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.
“Should resistance level of 34 sen be broken, it may continue to lift price higher to subsequent resistance levels of 35.5 sen and 39 sen.
“However, failure to hold on to support level of 30 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.
Oil markets will see 'much more upside than downside,' Citi strategist says International benchmark Brent crude stood at $70 a barrel on Friday, with WTI trading at around $63. Morse believes that more upside is in store with supplies being taken off the market in Iran and Venezuela, as well as major oil cartel OPEC. Fereidun Fesharaki, the chairman of leading consulting group FGE, backed up Citi's forecast, telling CNBC Sunday that the supply and demand fundamentals will likely push the oil price up to $75 and $80 for the second half of this year. Matt Clinch | Natasha Turak Published 10 Hours Ago Updated 8 Hours Ago CNBC.com
Dayang move up 20 - 30 cts. Destini and Velesto hovering around same price. When coming? Very tired looking at these stocks. Need to splash some oil on management to fuel up some activities.
Everytime when i see people comment about the going to fly, rocket fly, time to rocket and etc...i feel like laughing....Share price wont go up unless got news or good revenue to support.
ahbeng There is an operator manipulating both Perdana and Destini.... ------------------------------ say this is just like tell us mother is a female not male lol
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witchjaz
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Posted by witchjaz > 2019-04-08 08:43 | Report Abuse
KUALA LUMPUR (April 8): Public Investment Bank said Destini Bhd is picking up its prior uptrend after undergoing congestion phase over the past two weeks.
In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.
“Should resistance level of 34 sen be broken, it may continue to lift price higher to subsequent resistance levels of 35.5 sen and 39 sen.
“However, failure to hold on to support level of 30 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.