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Stock Picks Of The Day – Securemetric, KJTS

Business Today ·  20:33

Securemetric is eyeing to stage a bullish breakout – testing the immediate resistance with high volume.

RHB Retail Research (RHB) in a note today (July 22) said the stock charted a bullish candlestick and is poised to close above the MYR0.225 resistance.

If a breakout happens, the renewed momentum may propel the counter towards MYR0.25, followed by the MYR0.275 level.

On the contrary, falling below the MYR0.20 support kicks off the correction phase.

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KJTS is attempting to extend the upside movement after staging a bullish breakout.

RHB noted that the counter managed to climb above the 21-day SMA line and closed above the MYR0.70 resistance.

This latest breakout, coupled with high volume, shows that a strong bullish momentum is underway.

The stock is now setting its sights to test the MYR0.75 mark,followed by the MYR0.80 level.

However, a breach below the MYR0.65 support opens the door to the bearish phase.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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