Stock Watch: DUFU (7233), JAKS (4723), MITRA (9571), VS (6963)




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

  • DUFU
This is the 3rd coverage for DUFU. DUFU has succeeded to rebound from its previous high support at RM0.615. Based on the chart, MACD is showing sign of strength for crossing in coming trading sessions with a mild RSI. Readers are advised to monitor DUFU price movement. Potential entry can be found between RM0.615~RM0.625 with immediate support at RM0.615 and resistance at RM0.675.
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  • JAKS
JAKS has succeeded to stand above its 20MA with huge volume. Following the recent SUKE contract, JAKS has a high possibility to continue its uptrend momentum to challenge the next resistance at RM1.12. MACD has just crossed with RSI approaching overbought region. Readers are advised to monitor JAKS price movement these few days. Potential entry can be found between RM0.99~RM1.02. Compared to the resistance at RM1.12, the 200MA has a higher chance to cap its price movement.
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  1. MITRA
            This is the 3rd coverage for MITRA. Its strength is stronger than previously thought, where a potential entry could be found near RM1.28~RM1.32. Volume today and MA are showing good support, but technically, MACD and RSI are now in the extreme zone. Readers are advised to monitor MITRA price movement these few days. Based on past experience, its price has a high chance to break down the 20MA after a few days of consolidation. This could provide good chance to continue accumulate MITRA when its price retraces.
mitra3

  1. VS
This is the 2nd coverage for VS. After touching the suggested entry ranges between RM1.32~RM1.35, VS has rebounded from there and been moving up and closed above its RM1.39 resistance with two consecutive days of high volume. Technically, 20MA just crossed 200MA with MACD at extreme zone and a mild RSI. Readers are advised to monitor VS price movement for these few days. Potential entry can be found between RM1.38~RM1.40. VS price is likely to further consolidate around RM1.39 line before continuing its upward motion.
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