Support Line

SHARES in D’nonce Technology trimmed early gains to close a tick higher at 43 sen. Despite that, prices are expected to firm in the short term, with technical indicators improving. A clear penetration of the stiff barrier of 50 sen may see buyers becoming more aggressive, targeting the 60 sen mark. Crucial support is pegged at the 200-day simple moving average of 37 sen.

Greenyield shares were generally rangebound on consolidation since finding a shelter at an eight-month low of 26.5 sen on Feb 18. A successful clearance of the 32 sen mark, followed by a decisive breakout of the 34.5 sen hurdle, would signal a new uptrend. Conversely, a crack of the recent ebb would see the lower floor of 20 sen becoming vulnerable.