Notion VTec’s uptrend may be resumed, as the stock inched higher yesterday, heading towards the immediate resistance of MYR0.56.
If a breakout above that level occurs, the stock would trend higher towards the recent high of MYR0.60, followed by MYR0.70.
On the flip side, falling below the MYR0.50 support would negate the bullish setup.
SP Setia is poised to resume its uptrend after climbing above the 21-day SMA line, while eyeing a spot above the MYR1.50 threshold yesterday.
If it breaches that point, the bullish bias above that level may drive the stock higher towards the MYR1.60 resistance, followed by MYR1.70.
However, breaching below the MYR1.40 support would reverse the momentum, as it would then be trading below the SMA and forming a “lower low” bearish structure.
