Evermaster: PRICES rebounded sharply from their 14-day moving average line of RM1.37 last Thursday to hit a 23-month high of RM1.58 yesterday on strong volume. Meanwhile, the stochastic has turned upward with the oscillator per cent K crossing the oscillator per cent D to trigger a short-term buy signal. Based on the daily bar chart the immediate upside objective would be to fill the gap at the RM1.76 level. Initial support is at RM1.50. Stock Watch On EVERMAS
Mega First: This stock has staged a bullish breakout, overcoming the RM1.06 resistance line on renewed interest yesterday after consolidating sideways for nearly three months. Although the 14-day relative strength index has reached the overbought zones, the positive expansion on the moving average convergence/divergence against the signal-line indicates there could be further upside in store. Support and resistance is expected at RM1.06 and RM1.23 respectively. Stock Watch On MFCB
Mulpha International: SHARES are likely to resume their uptrend after a brief correction as the oscillator per cent K of the stochastic has indicated a hooked-up signal at the reading of 50 points and the moving average convergence/divergence is trending higher. However, prices must convincingly penetrate the recent high of 76 sen to validate their upward journey. The next hurdle is envisaged at the 80–82 sen band while support is expected at 68.5 sen. Stock Watch On MULPHA
The comments above do not represent a recommendation to buy or sell.
Mega First: This stock has staged a bullish breakout, overcoming the RM1.06 resistance line on renewed interest yesterday after consolidating sideways for nearly three months. Although the 14-day relative strength index has reached the overbought zones, the positive expansion on the moving average convergence/divergence against the signal-line indicates there could be further upside in store. Support and resistance is expected at RM1.06 and RM1.23 respectively. Stock Watch On MFCB
Mulpha International: SHARES are likely to resume their uptrend after a brief correction as the oscillator per cent K of the stochastic has indicated a hooked-up signal at the reading of 50 points and the moving average convergence/divergence is trending higher. However, prices must convincingly penetrate the recent high of 76 sen to validate their upward journey. The next hurdle is envisaged at the 80–82 sen band while support is expected at 68.5 sen. Stock Watch On MULPHA
The comments above do not represent a recommendation to buy or sell.
