DS Sigma Holdings is set to propel higher after breaching the MYR0.42 point yesterday, on a surge in trading volume. T
RHB Retail Research, in a note today (Sept 6), said this, coupled with the “White Marubozu” bullish candlestick, should lead it to the resistance level of MYR0.47, followed by MYR0.56.
However, falling below the MYR0.37 support would point to a downtrend, with the formation of a “lower low” bearish pattern while the stock is trading below the 21-day SMA line.
Betamek is set for a technical rebound after breaking above the immediate resistance of MYR0.49, thereby printing a “White Marubozu” bullish candlestick.
The latest positive rebound is expected to persist, while Betamek heads towards the resistance of MYR0.525, followed by MYR0.55 ie the high of 17 Apr.
A breach below the MYR0.465 support – forming a “lower low” bearish pattern below the 21-day SMA line – would dent sentiment and spark a downtrend.
