Support Line

AMMB: THE 14-day moving average price line of this stock made a “golden crossing” against the 21-day moving average to trigger a strong buy signal last Friday. And in late trade yesterday, the share continued to move higher, breaking above the RM3.94 channel resistance. The stochastics momentum index and the moving average convergence/divergence indicators are sending out positive signals, suggesting an upside potential to RM4.50 in the immediate trend. Support is seen at RM3.80. 

Intria: TRADING between a low of 63 sen and a high of 77.5 sen since late October last year, the share staged a positive breakout from the current range yesterday to hit an intra-day high of 82 sen amid rising volume. The moving average convergence/divergence indicator expanded against the signal-line and the stochastics momentum index is gaining strength, suggesting better prospects in the prevailing trend. Resistance is seen at the 86 sen and at 91-93 sen levels, and immediate support at 77.5 sen. 

UDA Hldgs:PRICES found support at the RM1.10 level in early October last year after a long bearish trend and re-tested this base again last Tuesday to form a “double-bottom” chart pattern, followed by a sharp rebound. Volume is seen building up, and the stochastics trending upward. Now that the moving average convergence/divergence has issued a buy signal, this stock could be on the road to recovery, but will encounter mild resistance at RM1.30, with the next at RM1.37. Immediate support is at RM1.20. 

 

The comments above do not represent a recommendation to buy or sell. 

 

 

Intria: TRADING between a low of 63 sen and a high of 77.5 sen since late October last year, the share staged a positive breakout from the current range yesterday to hit an intra-day high of 82 sen amid rising volume. The moving average convergence/divergence indicator expanded against the signal-line and the stochastics momentum index is gaining strength, suggesting better prospects in the prevailing trend. Resistance is seen at the 86 sen and at 91-93 sen levels, and immediate support at 77.5 sen. 

UDA Hldgs:PRICES found support at the RM1.10 level in early October last year after a long bearish trend and re-tested this base again last Tuesday to form a “double-bottom” chart pattern, followed by a sharp rebound. Volume is seen building up, and the stochastics trending upward. Now that the moving average convergence/divergence has issued a buy signal, this stock could be on the road to recovery, but will encounter mild resistance at RM1.30, with the next at RM1.37. Immediate support is at RM1.20. 

 

The comments above do not represent a recommendation to buy or sell.