Support Line

APB Resources recovered to an intra-day high of RM1.12, the best since March 2011. For now, all the short-term indicators are firm despite reaching the overbought area, implying prices are likely to sustain the upward thrust on bullish extended mode, targeting the RM1.15 barrier and later, the RM1.28-RM1.30 band while concrete support is resting at the RM1 mark.

RENEWED bargain-hunting interest pushed Century Logistics to an all-time high of RM2.71 during intra-day session. Technically, consolidation may be around the corner, with the stochastic showing a tentative topping out pictogram near the overbought area. However, investors can consider accumulating more on weakness, as other indicators remain bullish. Solid support is lying at the RM2.50 floor.