Support Line

ECS ICT shares reversed from an early all-time peak of RM1.83 to close slightly easier owing to apparent profit-taking activity. Technically, the uptrend is still intact, suggesting investors can consider accumulating more on weakness. Important support is pegged at the short-term ascending line of RM1.65.

Excel Force MSC rebounded to a seven-month high of 71 sen during intra-day session. Based on the daily chart, this stock appears on a new uptrend following a positive breakout on Tuesday. A clear penetration of the 77-sen barrier would lead to a re-test of the historical high of 88 sen. Initial support is lying at the 68.5 sen floor, followed closely by the 64 sen line.