Eye On Stock: Destini

Destini Bhd (code: 7212) is resuming its uptrend after a brief pullback on profit-taking activity. On Friday, the stock jumped higher at the opening bell on growing momentum and hit a session high of 47.5 sen.

This put it above the short-term 14 and 21-day simple moving averages (SMA), just shy of the immediate resistance of 48 sen, which was a recent peak hit on April 11.