JTOP
JTOP attempted to resume its upward thrust in the wake of fresh bargain hunting activity. The moving average convergence/divergence indicator is still in sell mode, trending sharply below the trigger line but the stochastic and the 14-day relative strength index are ticking up from the oversold area, implying that prices may trend higher. If they can overcome the recent peak of RM1.36, a rally continuation is expected. Support is at RM1.23.
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