: Globetronics: THE upward momentum of this stock paused for profit-taking yesterday after a strong rebound from a recent low of RM3.84 to hit a high of RM4.52 on Tuesday. Though prices are expected to consolidate due to its slightly overbought condition, the bullish momentum on the moving average convergence/divergence indicator suggests that the up trend remained intact with strong resistance seen at RM4.72 while support is at RM4.32. Magnum 4d: THIS stock may have found its bottom as prices were locked in a tight trading band after a long bear move. Its moving average convergence/divergence gave a buy signal on April 7 and is now moving towards the zero thresholds. A successful penetration above the RM4 mark convincingly will signal a trend reversal but otherwise bearish if slip below the RM3.78 support line. Uchi Technology: PRICES retraced from an all-time high of RM10 to neutralise its overbought condition before finding support at the RM8.60 level. The stochastics momentum index is trending up now and the positive expansion on the moving average convergence/divergence indicator against the signal-line suggests that the current consolidation period may be over. If prices could overcome the RM9.30 resistance line, it may re-test the all-time peak again. Support is at RM8.75.
·The comments above do not represent a recommendation to buy or sell.
Magnum 4d: THIS stock may have found its bottom as prices were locked in a tight trading band after a long bear move. Its moving average convergence/divergence gave a buy signal on April 7 and is now moving towards the zero thresholds. A successful penetration above the RM4 mark convincingly will signal a trend reversal but otherwise bearish if slip below the RM3.78 support line. Uchi Technology: PRICES retraced from an all-time high of RM10 to neutralise its overbought condition before finding support at the RM8.60 level. The stochastics momentum index is trending up now and the positive expansion on the moving average convergence/divergence indicator against the signal-line suggests that the current consolidation period may be over. If prices could overcome the RM9.30 resistance line, it may re-test the all-time peak again. Support is at RM8.75.
·The comments above do not represent a recommendation to buy or sell.
