Damansara Realty
DAMANSARA Realty rose to a two-month high of 79 sen during intra-day session amid renewed bargain hunting nibbling. Apparently, this stock remains in correction mode, but it has the potential to come out of the doldrums, with the moving average convergence/divergence histogram returning to the positive area. A decisive breach of the mid-term descending line of 87 sen would signal a new leg of uptrend, enroute to challenge the upper heavy resistance line of RM1.08. Current support is expected at the 68-sen level and concrete floor is pegged at the 60-sen mark.
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