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.
南方有線集團在大量交易量下突破0.90令吉阻力位後，也表現出強勁的上漲勢頭。該股以 「更高的高點」 收盤 燭臺，強化了看漲情緒。RhB Research預計價格將進一步上漲，下一個阻力位設定在0.98令吉和1.05令吉。但是，如果該股跌破0.84令吉的支撐位，則看漲前景將失效。
Both Johor Plantations and Southern Cable Group present promising opportunities for traders as they demonstrate strong technical setups for continued growth.
柔佛種植園和南方電纜集團都爲交易者提供了廣闊的機會，因爲他們展示了可實現持續增長的強大技術設置。
