Bina Puri: THE upward momentum of Bina Puri eased a little as investors locked in profits after a strong rebound the previous week. Even though the moving-average convergence/divergence indicator is still trending sharply above the signal line to stay bullish, a mild curving down sign on the 14-day relative strength index from the overbought territory suggests further consolidation. Initial support and resistance are seen at RM1.43 and RM1.55–RM1.60 levels, respectively. BPURI : [Stock Watch] [News]
CAB: CAB shares are anticipated to re-test their late February peak of RM1.23 before profit-taking sets in, as the short-term stochastic still has room for further upside and is not yet overbought. Furthermore, the moving-average convergence/divergence indicator has crossed the zero threshold to remain bullish. The next overhead resistance is expected at RM1.30–RM1.31. Immediate support is envisaged at the RM1.10-RM1.11 levels. CAB : [Stock Watch] [News]
Genting: THE price of this gaming stock may recover gradually in the near term owing to improving technical readings. The short-term stochastic and the 14-day relative strength index continue to strengthen. Meanwhile, the moving-average convergence/divergence indicator has displayed a strong positive convergence towards the signal line. The immediate target will be the RM15.70 resistance line while current support stays at RM14.90. GENTING : [Stock Watch] [News]
The comments above do not represent a recommendation to buy or sell BPURI : [Stock Watch] [News]
