Yinson Holdings Bhd
is rebounding after a three-week correction as bargain-hunting activities take root.
The share has risen for two consecutive days to rest atop the 50-day simple moving average (SMA) line at RM2.37, which in crossing should see a rally towards a resistance at RM2.48.
Looking at the technical indices, conditions have improved with the slow-stochastic looking robust at 62 points and the 14-day relative strength index crossing the 50-point midline.
The daily moving average convergence/divergence (MACD) histogram is also retracing higher to suggesting growing bullishness.
Support is pegged to RM2.15 and RM2.
Malayan Cement Bhd extended a rebound for a third straight day yesterday as it seeks to end a one-month downtrend.
The technical indices are bouncing back strongly, going by the slow-stochastic’s rise to 69 points and the MACD histogram, which is poised to chart a positive bar.
A 38.2% retracement of the decline between Feb 23 and March 30, 2026, is seen at RM7, whereas a 50% retracement would take it to RM7.32.
On the lower end, support is found at RM5.95 and RM5.24.
Jaya Tiasa Holdings Bhd remains on an uptrend, rising towards a seven-month trading high of RM1.29.
While the slow-stochastic has dipped to 48 points, suggesting some consolidation pressure, the share remains on a steady footing. The RSI remains strong at 67 points, while the MACD continues to pace higher, reflecting a positive trend.
Higher resistance is found at RM1.50, while on the lower end, support lies at RM1.04 and 90 sen.
