Technical Stockpick -  Sealink International Bhd
Fri, 29-Nov-2024 06:28 am
by Amir Hamdan • Apex Research

SEALINK (5145)
Last Price (RM)
0.32
Resistance (RM)
R1 — 0.36 / R2 — 0.395
Support (RM)
S1 — 0.29

Technical Commentary: 

Following the correction since August, price managed to rebound above SMA200 and formed trendline breakout above RM0.31. Coming closer, price has gradually stepped higher to close above all the moving averages and formed a breakout-pullback-continuation pattern. For now, traders may anticipate for an extension of recovery to target the next resistances located at RM0.36 RM0.395. Downside wise, support is pegged at RM0.29.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.436869 4.470612
EUR 4.675505 4.679374
CNY 0.611103 0.611560
HKD 0.570272 0.574102
SGD 3.296965 3.319254