The market was having a moderate correction in the morning but getting better toward the mid-day. The overall market volume is decreasing today with the KLCI marginally closed green. We expect the market will not collapse so soon but we need to trade with extra careful, buy only the good fundamental stocks.
Supermax broke out of the double hurdles at 3.97 and 4.04 surprisingly without much problem. The immediate resistance is at 4.10.
Adventa broke out of 2.26 and now facing a resistance at 2.35. We had bought some units at 2.27 after it sustains above the upper trend line.
Stock to pay attention
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1. Adventa - Can it breaks 2.35 and sustains above it? The support is 2.26.
2. IGB - Broke out 1.97 and now at resistance 2.00. Can it sustains above 2.00? Is the buying volume increasing?
Our Positions
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Supermx - price went up 3.83% and closed at 4.07. The resistance is 4.10 and the support is 4.04.
Maxis - price went down -0.55% and closed at 5.39. The resistance is 5.42 and the support is 5.32.
Mudajya - price went down -0.85% and closed at 4.68. The resistance is 4.75 and the support is 4.48.
