Stock Picks Of The Day: Johor Plantations And Southern Cable Group
Stock Picks Of The Day: Johor Plantations And Southern Cable Group
Johor Plantations is set to extend its bullish momentum as it tests the immediate resistance at RM1.08, according to a report by RHB Investment Bank Bhd (RHB Research). The stock has been consolidating sideways just below this level, and the upward movement of the 21-day simple moving average (SMA) indicates a positive short-term trend. Should the stock break above the RM1.08 resistance, it is expected to continue its upward trajectory towards the next targets of RM1.12 and RM1.16. However, a dip below the RM1.02 support level would signal the start of a potential correction.
Southern Cable Group is also showing strong upward momentum after breaking through the RM0.90 resistance on significant trading volume. The stock closed with a "higher high" white candlestick, reinforcing the bullish sentiment. RHB Research anticipates further price gains, with the next resistance levels set at RM0.98 and RM1.05. If the stock drops below the RM0.84 support, however, the bullish outlook would be invalidated.
南方有线集团在大量交易量下突破0.90令吉阻力位后，也表现出强劲的上涨势头。该股以 “更高的高点” 收盘 烛台，强化了看涨情绪。RhB Research预计价格将进一步上涨，下一个阻力位设定在0.98令吉和1.05令吉。但是，如果该股跌破0.84令吉的支撑位，则看涨前景将失效。
Both Johor Plantations and Southern Cable Group present promising opportunities for traders as they demonstrate strong technical setups for continued growth.
柔佛种植园和南方电缆集团都为交易者提供了广阔的机会，因为他们展示了可实现持续增长的强大技术设置。
