Bursa Malaysia Securities Bhd issued an unusual market activity note to D.B.E. Gurney Resources Bhd today querying the company over its recent sharp price increase and turnover.
As at 9.56am, D.B.E Gurney was half-a-sen higher at 11.5 sen while its warrants were unchanged at 6.5 sen.
D.B.E Gurney, a Malaysia-based investment holding company, operates in the broiler, fryer and roaster chicken sector.
Meanwhile, OSK Research said D.B.E's share price gapped up at the opening yesterday after consolidating sideways for nearly two months.
"Follow-through buying was also impressive as the stock recorded the highest trading volume since hitting the 11 sen peak in November last year, making it yesterday's most actively traded stock," it said in a research note today.
OSK Reseach said based on the "Upside Gap" and the strong volume, the stock could be preparing to take a crack at the tough 11 sen resistance level.
"Hence, traders are advised to accumulate the shares ahead of its breakout.
"We are aiming for the 12.5 sen level, which is the next tough upside hurdle, as the upside target," it added. -- BERNAMA
As at 9.56am, D.B.E Gurney was half-a-sen higher at 11.5 sen while its warrants were unchanged at 6.5 sen.
D.B.E Gurney, a Malaysia-based investment holding company, operates in the broiler, fryer and roaster chicken sector.
Meanwhile, OSK Research said D.B.E's share price gapped up at the opening yesterday after consolidating sideways for nearly two months.
"Follow-through buying was also impressive as the stock recorded the highest trading volume since hitting the 11 sen peak in November last year, making it yesterday's most actively traded stock," it said in a research note today.
OSK Reseach said based on the "Upside Gap" and the strong volume, the stock could be preparing to take a crack at the tough 11 sen resistance level.
"Hence, traders are advised to accumulate the shares ahead of its breakout.
"We are aiming for the 12.5 sen level, which is the next tough upside hurdle, as the upside target," it added. -- BERNAMA
