Menang
MENANG reversed early gains to finish down 5.5 sen at 47.5 sen on profit-taking activity yesterday. Despite that, the stochastic is firming from the neutral zone and the moving average convergence/divergence is maintaining a buy signal. Given the encouraging reading, prices may scale up soon, probably to the recent peak of 71 sen, of which a decisive breakout would signal a rally continuation. Initial support is at 40 sen.
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