Citaglobal
Citaglobal, according to RHB Research (Nov 4) is set to propel towards its 4-year high as it surpassed the MYR0.285 immediate resistance yesterday, forming a “higher high” bullish structure. Coupled with the long bullish candlestick printed yesterday, the stock will likely see buying interest persisting towards the MYR0.305 resistance, or the highest level since May 2018, followed by the next resistance level at the MYR0.35 threshold. Conversely, the bullish momentum may reverse if it falls below the MYR0.26 support, forming a “lower low” bearish structure below the 21-day average line.
Awanbiru Technology
This counter is poised to resume its uptrend as it bounced off the 21-day average line while attempting to surpass the MYR0.50 level yesterday . If a breakout happens above that level, the stock may propel higher towards the recent high of MYR0.535, or 25 Oct’s high, followed by the MYR0.60 threshold. If it falls below the MYR0.45 support, the bullish momentum would be reversed, as it forms a “lower low” bearish pattern beneath the average line.
