Airport: Having rebounded from a double-bottom chart pattern at the RM1.48 level to reach a high of RM1.76 last Friday, the upward momentum paused for a breather owing to profit-taking and it’s a slightly overbought condition. Nevertheless, the moving average convergence/divergence indicator remained positive. If prices could overcome the immediate resistance of RM1.88, the next overhead hurdle is seen at the RM2.00-RM2.04 band. Current support is at RM1.62. For latest Aiport share prices and charts click here
Glomac:: Prices staged a positive breakout of from it’s the seven-week old trading range of RM1.22-RM1.35 last Wednesday to and closed yesterday at the day’s high of RM1.53 yesterday. Although the stochastics and the 14-day relative strength index have reached in overbought territory, the moving average convergence/divergence suggests that the underlying sentiment remains strong. A successful break above the RM1.63 hurdle should push it higher to the RM1.80 level. Support is seen at RM1.45. For latest Glomac share prices and charts click here
Naluri: Speculative buying pushed prices further up yesterday. The stochastics momentum index continues to stay above the 80% bullish line, and the firm upward momentum of the moving average convergence/divergence indicator are suggesting more further upside potential in the near-term. Shares are expected to stay at the present overbought condition while attempting to move higher. Resistance is at RM1.28 while and immediate support is seen at RM1.05. For latest Naluri share prices and charts click here
·The comments above do not represent a recommendation to buy or sell
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