Karex Technical Highlights
Chart-wise, the stock has been trading in a range between RM0.750 to RM0.850 for the past months.
Momentum indicators continue to show meaningful upticks and the 20-day SMA has just crossed above the 50-day SMA yesterday for the first time since October 2017.
From here, we expect the stock to face resistances at RM0.925 (R1) and RM0.995 (R2).
On the other hand, supports can be identified at RM0.850 (S1) and RM0.750 (S2).
Momentum indicators continue to show meaningful upticks and the 20-day SMA has just crossed above the 50-day SMA yesterday for the first time since October 2017.
From here, we expect the stock to face resistances at RM0.925 (R1) and RM0.995 (R2).
On the other hand, supports can be identified at RM0.850 (S1) and RM0.750 (S2).
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