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Stock Picks Of The Day – Topmix, Sarawak Oil Palms

Business Today ·  Sep 1 21:00

Topmix is eyeing to extend its upside movement after staging a bullish breakout.

RHB Retail Research (RHB) in a note today (Sept 2) The stock broke past the MYR0.515 resistance with a long bullish candlestick.

The latest price action suggests the bullish momentum is gaining traction.

Riding on this renewed momentum, the counter should climb towards MYR0.545, followed by the MYR0.57 level.

If it breaches the MYR0.48 support, the bullish setup will be negated.

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Sarawak Oil Palms showing a bullish technical setup after climbing above the resistance on strong volume.

The counter printed a long bullish candlestick and closed above the MYR2.90 resistance.

The volume has increased in tandem with the share price, showing a strong bullish momentum is in play.

The stock will extend its upside movement towards MYR3.05, followed by the MYR3.20 mark.

On the flipside, falling below the MYR2.75 support will resume the correction phase.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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