Johor Land has been correcting on easing volume over the past seven days. The stochastic is attempting to reverse from the neutral zone while the moving average convergence/divergence indicator appears in danger of slipping below the signal line. Analysis suggests that if the prevailing trend is indeed still constructive, a rebound should come about soon, with strong resistance expected at the RM1.17-RM1.20 band. Initial support is seen at 90 sen.
JLAND : [Stock Watch] [News]
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