Support Line

JERASIA Capital bucked the frail principal market trend to reach a high of 82.5 sen during intra-day session, the best since January 2004. Technically, indicators are painting a growing overbought condition, implying correction may be imminent. Current support is resting at the 75 sen level while resistance is envisaged at the 90-sen mark.

KBES aborted an early attempt to resume the rally in the wake of an apparent profit-taking activity. A successful breach of the 45-sen mark would give investors the confirmation of an uptrend, en route to challenge the upper hurdle of 52.5 sen or strong resistance of 60 sen. A crack of the 100-day simple moving average of 37 sen will have a negative impact on the outlook going forward.