Duopharma Biotech
Duopharma is poised to resume its uptrend as it bounced off the 21-day SMA line and support level while hitting the MYR1.58 immediate resistance on the back of stronger trading volume. If a breakout above the resistance level happens, renewed momentum would drive the stock higher towards MYR1.67, which was 3 Jan’s high, followed by the MYR1.75 next resistance level. Conversely, the stock may reverse direction if it falls below the MYR1.50 support, forming
a “lower low” bearish structure beneath the average line.
Westports Holdings
Westports is likely to continue its uptrend movement as it rebounded from the 21-day average line recently, heading towards the recent high of MYR3.64. If it manages to climb above that level – forming a “higher high” bullish pattern – the bullish momentum would propel the stock higher towards MYR3.80, followed by the MYR4.00 mark. The momentum may be reversed if it drops below MYR3.50 – forming a “lower low” bearish pattern, below the average line.
