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.
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....
Sales
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Posted by Sales > 2019-04-02 17:34 | Report Abuse
Potential, pls. don't promote Netx here, this is not a good counter. A lot of people buy at 0.20sen above. Now want to go up a bit also susah.