CCK Consolidated Holdings is set to trend higher after breaking above the MYR0.93 immediate resistance with strong trading volume.
RHB Retail Research in a note today (Feb 22) said if the breakout above that level continues,the stock may climb higher towards unchartered territory ie the MYR1 mark, followed by the next resistance at MYR1.10.
However, a fall below the MYR0.89 support would potentially signal a downtrend.
Greatech Technology is set for an uptrend rebound after it bounced off the 21-day SMA line and breached the MYR4.71 immediate resistance with improved volume.
The bullish bias above that level may see the stock trending upwards towards the MYR5 threshold, followed by the next resistance at MYR5.20.
However, if the price falls below the MYR4.50 support, it would signalthe reversal of the trend.
WTK Holdings is set to climb upwards after breaching and sustaining above the MYR0.505 amid a mild pullback yesterday.
After the breakout, the stock is likely to resume its uptrend towards the MYR0.57 resistance, followed by the next resistance at MYR0.64.
Conversely, a decline below the MYR0.47 support would negate the bullish setup.
Superlon Holdings is set to resume its uptrend after climbing above the MYR0.83 immediate resistance with strong trading volume.
The bullish momentum above that level is likely to persist, propelling the stock towards the 52-week high level at MYR0.89, followed by the next resistance at MYR0.94.
However, a decline below the MYR0.80 support would trigger a downward movement.
