Glomac may climb after posting a new 52-week high yesterday. A purchase can be made if the stock stays above RM0.90, with a close below RM0.86 as a stop-loss. The price target is RM1.05, with resistance expected at the psychological RM1.00. The stock’s failure to stay above RM0.90 could see it move sideways, with strong supports seen at RM0.85 and RM0.815.
Perdana may trade higher if it breaks above the RM1.30 resistance level. A position can be initiated if it happens, with a close below RM1.23 as a stop-loss. The price target is RM1.55, with resistance expected at RM1.45. Failure to get above RM1.30 should see the stock trend sideways, with supports expected at RM1.10 and RM1.00.