Toyo Ventures Holdings
Toyo is poised for a technical breakout as it climbed to hit the resistance level of MYR0.70 last Friday – coupled with strong trading volume. If a breakout happens, a “higher high” bullish pattern may emerge to propel the stock towards the next resistance of MYR0.80 (or the high of 24 May), followed by MYR0.845, or the high of 23 May. However, the stock may reverse direction if it falls below the MYR0.62 support – beneath the 21-day average line.
Harn Len Corporation
Harn Len is eyeing for a positive rebound above the MYR1.38 resistance as it attempted to move above that level on strong trading volume last Friday. If it closes above that level, the stock may climb further towards the next resistance of MYR1.44 – which was the high of 6 Jul – before heading towards the MYR1.50 recent high. If it falls below the support level of MYR1.30, the stock may trend downwards, below the 21-day average line.
