DS Sigma is set to move higher after breaking past its resistance level with strong trading volume.
RHB Retail Research (RHB) in a note today (May 27) said last Friday, the stock surpassed the MYR 0.365 resistance, forming a fresh “higher high” bullish candlestick.
RHB said this suggests that the stock may continue to rise towards the next resistance levels at MYR 0.41 and MYR 0.44. However, if the stock falls below the MYR 0.34 support level, it may resume its downward correction.
Meanwhile RHB stated that KGW is showing a bullish trend after breaking above the MYR 0.20 resistance with high trading volume.
They said this breakout confirms a bullish setup, and the stock is expected to move towards the next resistance levels at MYR 0.22 and MYR 0.24. Conversely, if the stock drops below the MYR 0.18 support level, it will negate the bullish trend.
