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28 sen Support is Strong:
Parkson Holdings Bhd continues on an ascending trend line that began in May this year. Going by yesterday's positive performance, the share is expected to continue climbing, with support from the key simple moving averages (SMAs). Should the share cross above the resistance of 37.5 sen, it stands to proceed to a higher price target of 50 sen.
The slow-stochastic has started descending in overbought territory, which could indicate the start of a consolidation phase. However, the MACD remains bullish and the RSI continues to rise at a robust level of 62 points.Support is pegged to 28 sen and 24 sen.
good Qtr results and positive guidance:
Prospects For the final quarter ending 31 December 2023, the Group anticipates that the upcoming year-end festivities and holiday seasons will boost shopper traffic to our retailing stores and contribute an encouraging operating performance for the Group. The Group remains committed to enhancing stores productivity and implementing cost improvements strategies, besides continuing to diversify the income sources to fully seize the opportunities, and promote
it's ok to be muted :) It's new year eve after all and 3 consecutive profitable quarters. No harm in sitting through the upcoming 3 strong quarters seasonally :)
