Support Line

Commerce-Asset: PRICES retraced from a recent high of RM3.46 to trade slightly above the RM2.90 support level over the past few days. Though the stochastics momentum index has recovered to cross above the 20% bearish zone, its moving average convergence/divergence indicator remains bearish. If the current support fails, the next downside could be the RM2.70 level. Immediate resistance is seen at RM3.08, which is also its 21-day moving average price line. 

KFM: THIS stock bounced off its 8½-month low of RM1.74 to close at RM1.84 yesterday but its technical indicators remain negative. The moving average convergence/divergence indicator maintained the sell signal triggered earlier in the day and both the oscillators per cent K and D of the stochastics momentum index were trending lower towards the bearish zone, indicating further downward pressure in the immediate term. Support and resistance are seen at RM1.64 and RM1.94 respectively. 

Tan Chong: ALTHOUGH prices were locked between the RM1 support mark and the RM1.18 resistance level since Sept 30 last year, it may succumb to further technical weakness as the moving average convergence/divergence indicator remains trending sideways to lower below the signal-line. If prices were to fall below the current support, the next downside objective would be the 88-91 sen band. Strong resistance remains at the RM1.18 level. 

The comments above do not represent recommendations to buy or sell 

KFM: THIS stock bounced off its 8½-month low of RM1.74 to close at RM1.84 yesterday but its technical indicators remain negative. The moving average convergence/divergence indicator maintained the sell signal triggered earlier in the day and both the oscillators per cent K and D of the stochastics momentum index were trending lower towards the bearish zone, indicating further downward pressure in the immediate term. Support and resistance are seen at RM1.64 and RM1.94 respectively. 

Tan Chong: ALTHOUGH prices were locked between the RM1 support mark and the RM1.18 resistance level since Sept 30 last year, it may succumb to further technical weakness as the moving average convergence/divergence indicator remains trending sideways to lower below the signal-line. If prices were to fall below the current support, the next downside objective would be the 88-91 sen band. Strong resistance remains at the RM1.18 level. 

The comments above do not represent recommendations to buy or sell