Stock Watch: AAX, BPPLAS, GADANG, SOLUTN




(Disclaimer: This is not a buy or sell call. Stock watch only serves as updates on selected stocks)

  • AAX
            Technically, AAX has succeeded to stand above RM0.385. Based on the chart, MACD and RSI are both trending upward. Readers are advised to monitor AAX price movement these few days. Potential entry can be found between RM0.375~RM0.385 with immediate support at RM0.356 and resistance at RM0.41.
aax2

  • BPPLAS
After yesterday cover, BPPLAS surprisingly broke out its RM1.63 resistancewith good volume. The overbought RSI at this juncture may suggest possible further upside towards next resistance at RM1.76. Readers are advised to monitor BPPLAS price movement. Potential entry can be found between RM1.60~RM1.62. Other relevant support and resistance lines are as shown in the chart.
bbplas2

  • GADANG
Technically, GADANG broke its RM2.18 resistance decisively with huge volume approaching the last 1 hour trading session today. Based on the chart, both 20MA and MACD have crossed. The overbought RSI can be considered as a bullish momentum here that signal a potential continuous uptrend. Readers are advised to monitor GADANG price movement. Potential entry can be found between RM2.25~RM2.30. Immediate resistance is at RM2.37 with support at RM2.18.
gadang

  • SOLUTN
After first cover of SOLUTN, its price has dropped significantly and touched 200MA twice. SOLUTN has just completed its issuance of bonus share and warrant. Technically, although all indicators are suggesting a more downward momentum, but the rebound at 200MA does suggest its price has found a potential bottom. Readers are advised to monitor SOLUTN price movement. Potential entry can be found between RM0.24~RM0.25. Immediate resistance is at RM0.255.
solutn2 http://www.investforlife.com.my/stock-watch-aax-bpplas-gadang-solutn/