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SKP RESOURCES BHD SKPRES has gapped- - up to close above the EMA20 level accompanied by improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM1.63- - RM1.75 levels. Support will be pegged around the RM1.34 level ...
KAREX BERHAD Stock Code: 5247 KAREX gained 5 sen yesterday (5.88%), closing at RM0.900, backed by above-average trading volume. Chart-wise, the stock has been trading in a range between RM0.750 to RM0.850 for the past two weeks after a short rally in early June. Yesterday’s...
Symmetrical triangle breakout. SCICOM could be riding on the healthy tourist growth (11.8% in 2017) in Cambodia, following the award of contract from Ministry of Tourism of Cambodia. SCICOM has a net cash of RM45.8m (12.9 sen/share) as of end March 2018 and its dividend yield stood at 4.5%. The share price...
Trading Idea - KOBAY TECHNOLOGY BHD (stock code 6971) ● Target Price RM1.30 ● Last closing price RM1.12 ● Potential return 16.0% ● Support RM1.05 ● Stop Loss RM0.950 Possible upside. KOBAY is showing signs of recovery from recent major pullback. Improving RSI and MACD...
DAYANG ENTERPRISE HOLDINGS BHD Stock Code 5141 Target Price RM0.890 Last closing price RM0.800 Potential return 11.2% Support RM0.750 Stop Loss RM0.720 Possible for further upside. DAYANG’s price is recovering from pullback. Improving RSI and MACD indicators currently signal reasonable...
• KRONO rose 7.0 sen (10.0%) to close at RM0.770. • Yesterday’s move resulted in a downtrend breakout with MACD in bullish divergence, to signal that the share price has bottomed out and now poised for a recovery. • Key indicators are in supportive of a move higher, with the RSI now venturing...
ANN JOO RESOURCES BHD Stock Code: 6556 • Yesterday, ANNJOO gained an impressive 22 sen (6.4%) to close at intraday high of RM3.63. • Yesterday’s move marked a first breakthrough from a two-month period of consolidation. • Uptick in MACD to crossover its Signal-line, coupled with the share...
ORNA - Stock Code: 5065nbsp; • ORNA climbed 5.0 sen (3.62%) yesterday to hit RM 1.43.nbsp; • Share appears to have broken out from a 2-month consolidation after few failed attempts to break past the RM1.40 resistance level.nbsp; • Overall technical outlook is turning positive with...
HUAYANG – Stock Code 5062 • HUAYANG jumped an impressive 6.5 sen (10.4% to RM0.69) yesterday, accompanied by exceptional trading volumes. • Share is now potentially showing signs of bottoming-out after hitting a “double-bottom” in December last year. • Over the past 1-2 months, MACD has...
SALUTICA BERHAD Stock Code: 0183 Above: Salute daily chart (click to enlarge view) SALUTE has experienced a flag- - formation breakout above the RM1.35 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may rally, targeting the...
