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Stock Picks Of The Day – Feytech, KTI Landmark

Business Today ·  Aug 14 20:33

Feytech is poised to continue the bullish movement after climbing above the 21-day SMA line.

RHB Retail Research (RHB) in a note today (Aug 15) said that the stock managed to break past the MYR0.97 resistance to confirm a bullish setup.

The price action shows the bullish momentum is growing stronger.

RHB expected the positive price action to follow through during the coming sessions, testing the next resistance pegged at MYR1.05, followed by MYR1.12.

In the event the stock falls below the MYR0.92 support, the correction phase will resume.

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KTI Landmark is eyeing to extend the upside movement after staging a bullish breakout.

The counter has crossed beyond the 21-day SMA line and closed above the MYR0.29 resistance.

This latest price action suggests the technical setup is bullish.

Riding on the renewed momentum, the counter may travel towards the next resistance at MYR0.315,followed by the MYR0.33 level.

On the flipside, falling below the MYR0.275 support negates the bullish setup.

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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