FELDA Global Ventures fell from a two-month high of RM2.97 in mid-February to a low of RM2.16 on Tuesday before halting. Tech-nically, the prevailing trend is bearish but the curving up pictogram of the stochastic from the oversold area offers hope of a steadier trend in the short term. Pivotal support and initial resistance are seen at RM2.02 and RM2.52 respectively.
MEGA First Corp shares inched nearer to the recent high of RM2.77 amid persistent buying momentum. Prices are likely to encounter significant resistance at the RM2.88-RM2.90 barrier, of which a successful breakout would propel prices up to the RM3.18-RM3.20 band while concrete support is resting at the 21-day simple moving average of RM2.49.
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