Yesterday, ARMADA rose 2.5 sen (+5.1%) to close at RM0.515.
Chart-wise, the stock has been undergoing a period of correction since Nov’19. Nonetheless, the past two days’ bullish candlesticks have lifted the stock to trend above all of its key SMAs, signalling a possible reversal.
Coupled with forming bullish MACD, we believe that the stock may continue trending upwards.
From here, should bullish momentum sustain, we expect next advancement towards RM0.600 (R1) and RM0.700 (R2) next.
Conversely, support levels are identified at RM0.405 (S1) and RM0.300 (S2).
DSONIC (Not Rated)
DSONIC went up by 4.0 sen (+3.17%) to close at RM1.30 yesterday.
We note that the stock is currently on a long-term uptrend, which see it trending sturdily above all of its key SMAs.
On the back of stronger-than-average trading volumes and a bullish MACD, the stock could trend higher.
We expect the share to test its resistance at RM1.50 (R1) and RM1.60 (R2).
Conversely, support levels can be found at RM1.00 (S1) and RM0.900 (S2).
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....
newbieJ
TP is 0.70. Coming 0.60...
2019-12-24 11:46