Masteel
THE share price of Masteel reversed its early upward momentum to settle 2.5 sen lower at 77.5 sen in an apparent profit-taking activity yesterday. That resulted in the stochastic triggering a short-term sell at the overbought area and the 14-day relative strength index weakening from the top, suggesting that corrections have begun, with initial support seen at 77 sen. Stronger base is envisaged at 74.5 sen while overhead resistance is at 85 sen.
