AMFB: SHARE prices have been rising gradually from the RM3.78 level on March 10, and are now being supported by the 21-day moving average price line. Its moving average convergence/divergence indicator was trending sideways to slightly higher in tandem with the signal-line, suggesting that this stock may be on its way to test the RM4.18 resistance, last hit in mid-January. Immediate support is seen at the RM4 mark. IOI Corp: THE upward momentum of this stock broke at the RM5.30 level on April 17 and prices subsequently retraced to hit a low of RM4.98 during intra-day yesterday, causing a negative divergence on the moving average convergence/ divergence indicator. Meanwhile, the stochastics momentum index is near the oversold territory. The support line at RM4.80 may provide bargain-hunting opportunity should the current corrections continue. Resistance is at the RM5.15-RM5.20 band. VS Ind: THIS stock has recovered slightly from a 17-month low of RM2.31 over the past week amid mild buying interest. The moving average convergence/divergence indicator crossed over the signal-line to trigger a buy signal in the negative territory on March 17 while the upward momentum on the stochastics momentum index indicates further upside potential in the near-term with strong resistance seen at the RM2.80 level. Support is expected at RM2.42.
l The comments above do not represent a recommendation to buy or sell.
IOI Corp: THE upward momentum of this stock broke at the RM5.30 level on April 17 and prices subsequently retraced to hit a low of RM4.98 during intra-day yesterday, causing a negative divergence on the moving average convergence/ divergence indicator. Meanwhile, the stochastics momentum index is near the oversold territory. The support line at RM4.80 may provide bargain-hunting opportunity should the current corrections continue. Resistance is at the RM5.15-RM5.20 band. VS Ind: THIS stock has recovered slightly from a 17-month low of RM2.31 over the past week amid mild buying interest. The moving average convergence/divergence indicator crossed over the signal-line to trigger a buy signal in the negative territory on March 17 while the upward momentum on the stochastics momentum index indicates further upside potential in the near-term with strong resistance seen at the RM2.80 level. Support is expected at RM2.42.
l The comments above do not represent a recommendation to buy or sell.