Stock Picks for Shares with Momentum: SFP Tech, ITMAX System

SFP Tech

As cited in RHB Retail Research, SFP Tech is poised to extend its parabolic move on the upside
after breaking past the MYR2.20 immediate resistance. The stock has been noticed charting a series of “higher highs”, showing that the momentum is at full throttle now. A follow-through momentum should see the counter scaling towards MYR2.50, followed by MYR2.70. On the downside, breaching below the MYR2 support will negate this expectation.

ITMAX System

This counter is eyeing to continue its upward movement after breaking past the MYR1.57 resistance. In previous sessions, the stock underwent sideways consolidation beneath the
MYR1.57 resistance. The bullish breakout suggests the renewed momentum will propel the counter towards MYR1.68, followed by MYR1.75. In the event it falls below the MYR1.50 support, the bullish setup will be negated.

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